(LEAD) S. Korea, U.S. finance chiefs reaffirm bilateral economic cooperation

SEOUL/WASHINGTON Oct. 14 (Yonhap) -- South Korean Finance Minister Lee Hyoung-il and U.S. Treasury Secretary Scott Bessent have reaffirmed the significance of economic and financial cooperation between their nations, according to South Korea's finance ministry. Lee assumed his role as Finance Minister and Deputy Prime Minister of South Korea last month.

During a video conference with Bessent, the U.S. Treasury Secretary extended his congratulations on Lee's appointment and emphasized the importance of bilateral cooperation in economic and financial matters. In return, Lee expressed his gratitude for Bessent's congratulatory message and his eagerness for continued communication and cooperation, as stated by the ministry.

The two finance chiefs also deliberated on shared economic policy priorities and explored avenues to enhance bilateral cooperation. Furthermore, the U.S. Treasury released a statement on the virtual exchange between the finance ministers, with Bessent reaffirming the importance of the U.S.-Republic of Korea economic and financial relationship.

The statement noted that the two officials discussed shared economic priorities and opportunities to bolster bilateral cooperation. In South Korea, Lee serves as both Finance Minister and Deputy Prime Minister.