(URGENT) Lee taps Vice Finance Minister Lee Hyoung-il as new finance minister
(END)
Finance Minister Koo Yun-cheol embarked on his scheduled journey to the United States for the Group of 20 (G20) meeting, despite being reassigned in a recent Cabinet reshuffle, according to government sources. The minister touched down at Incheon International Airport in the early hours of the day and proceeded to fly to Asheville, North Carolina, for the G20 Finance Ministers and Central Bank Governors Meeting on Monday.
Initially, Koo had scrapped his trip following the announcement of his replacement, but he decided to go ahead as it would take some time for the new minister to assume office, the sources revealed. During the G20 gathering, Koo aims to converse with counterparts from prominent nations, including U.S. Treasury Secretary Scott Bessent, over matters related to the economy.
He plans to emphasize the robustness of the Korean economy and initiatives aimed at bolstering its medium- to long-term growth potential to tackle structural issues. Furthermore, Koo intends to share his perspectives on crucial global economic concerns, such as debt and imbalances, at the meeting, as per the sources.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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