According to Press TV, South Korean President Park Geun-hye has arrived in the Iranian capital Tehran for a historic visit to strengthen political and economic relations between the two countries.

Park landed in Mehrabad Airport on Sunday for a three-day official visit together with representatives from some 236 South Korean companies and organizations. She was welcomed by Iran’s Industry, Mines and Trade Minister Mohammad Reza Nematzadeh.

President Park was accorded an official welcome in Tehran on Monday on the first day of her three-day visit, heading South Korea’s biggest-ever traveling business delegation of over 230 executives.

The two presidents then sat for their first meeting since the establishment of diplomatic relations between the two countries in 1962.

Later in a joint news conference, Rouhani called for peace on the Korean Peninsula, saying Iran is opposed to the manufacturing of Weapons of Mass Destruction of any kind.

He said Iran and South Korea are set to boost their trade volume from the current six billion dollars to $18 billion as the two sides signed 19 cooperation agreements.

For her part, President Park called for further expansion of ties between Iran and South Korea in industrial, trade and cultural sectors.

South Korea has said it is eager to participate in Iran’s development projects and expand economic cooperation on communication technology, information, healthcare and culture.

World leaders have been visiting Tehran after the implementation of the nuclear agreement, dubbed the Joint Comprehensive Plan of Action (JCPOA), between Iran and the P5+1 group of countries in July 2015.

In a message on his Instagram account on Sunday, President Rouhani said Iran is open to foreign investment.

“Our economy will not get well unless we are able to attract investment,” he said.

“Today, these conditions have been provided and the leaders which travel to Iran bring with them representatives of scores of important trading companies,” Rouhani added.

East Asian nations are scrambling to boost economic links with Tehran after the country reached a nuclear agreement last year. China’s President Xi Jinping visited Iran in January and Japan signed an investment treaty with Iran a month later.