South Korea Shippers Join Overseas Rivals in Shunning Iran Business

(Reuters) Meeyoung Cho - South Korean container shippers are joining a wave of their international peers in giving up on Iranian business ahead of new U.S. sanctions in July, adding to pressure on Tehran's vital seaborne trade. South Korea's government said the country's top two shippers, Hanjin Shipping Co Ltd and Hyundai Merchant Marine Co Ltd, had ended direct shipments to Iran in May.