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Iran tensions

Iran sanctions threaten Samsung and LG's grip on local market

Domestic brands poised to seize chance if South Korean electronics giants are forced out

Samsung and LG dominate the Iranian market for appliances and smartphone.

TEHRAN -- Amir Kabir Street in central Tehran is a well-known hub for home appliances. On a recent Monday evening, it was bustling with customers and passersby heading home from work.

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