S. Korea, US finance chiefs reaffirm bilateral economic cooperation

The finance ministers of South Korea and the United States recently held a video conference to reaffirm the significance of economic and financial cooperation between their two nations, as reported by Seoul's finance ministry. In this meeting, which took place for the first time since South Korea's Finance Minister Lee Hyoung-il assumed office last month, both leaders highlighted the importance of maintaining close communication and collaboration in economic and financial affairs.

Secretary of the U.S. Treasury, Scott Bessent, congratulated Lee on his appointment and emphasized the value of bilateral cooperation in these areas. In response, Lee expressed his gratitude for Bessent's well wishes and conveyed his optimism about fostering even closer interaction and cooperation in the future. The two ministers also delved into shared economic policy priorities and explored potential avenues to enhance bilateral cooperation.