South Korea’s President Park Geun-hye said on Tuesday that her country had prepared a package of loans worth a total of $25 billion for the development of Iran’s infrastructure projects.

President Park, who was speaking in a joint meeting of Iranian and South Korean traders in Tehran, expressed hope that Iran would be able to exploit the loan package efficiently.

She emphasized that both Iran and South Korea have huge potentials for mutual cooperation that are yet to be tapped.

President Park named the energy sector as a key area in that connection, emphasizing that Iran as the owner of energy resources and South Korea as the owner of modern technologies will benefit from cooperating with each other in that area.

Other areas that she said are equally important to both countries are the tourism industry, the water sector, transportation, urban development and tourism.

President Park arrived in the Iranian capital Tehran on Sunday on her first trip to Iran and the first by a South Korean president in decades.

She is heading a delegation that comprises over 230 executives and businesspeople and is expected to stay in the Islamic Republic until Tuesday.