South Korea and Iran will hold talks this week on Tehran's pending nuclear deal with major world powers, the political situation on the Korean Peninsula and other issues of mutual concern, the Foreign Ministry said Wednesday.
  

The annual policy talks will be held in Seoul on Thursday, led by Kwon Hee-seog, director-general of the Africa and Middle East affairs bureau, and his Iranian counterpart, Abdolrassoul Mohajer Hejazi, the ministry said in a press release.
  

"During the policy talks, the two sides will exchange views on issues of mutual interest, including bilateral issues, the Iranian nuclear deal and sanctions on Iran, and the political situations in the Middle East, on the Korean Peninsula and in Northeast Asia," the statement said.
  

The meeting comes as South Korea seeks to secure a foothold in the oil-rich nation before international sanctions are lifted from the country under a pending nuclear deal with six powers led by the United States.
  

The landmark agreement, expected by the end of this month, aims to curb Iran's nuclear weapons program in return for relief from international sanctions imposed for the nuclear program.
  

Talks have been underway to arrange visits to Iran by First Vice Foreign Minister Cho Tae-yong and Deputy Foreign Minister Kim Hong-kyun in the coming weeks.
  

Mohajer is also scheduled to meet with Kim during his visit here.
  

Once the nuclear deal is sealed, Foreign Minister Yun Byung-se could make a trip to Iran, according to a South Korean government official who spoke on condition of anonymity.
  

The sanctions' removal will allow Iran to access its oil money in banks in Europe and other parts of the world valued at tens of billions of U.S. dollars.
  

Much of that cash is expected to be invested in building infrastructure in the Middle Eastern nation, where South Korean firms could win major construction projects. (Yonhap)