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S. Korea, US finance chiefs reaffirm bilateral economic cooperation

The finance ministers of South Korea and the United States on Tuesday reaffirmed the importance of economic and financial cooperation between the two countries, Seoul's finance ministry said. Finance Minister Lee Hyoung-il held a video conference with U.S. Treasury Secretary Scott Bessent for the first time since Lee took office last month, according to the ministry. Bessent congratulated Lee on…

S. Korea, US finance chiefs reaffirm bilateral economic cooperation

The finance ministers of South Korea and the United States met via video conference on Tuesday to reaffirm the significance of their bilateral economic and financial cooperation, the South Korean finance ministry announced. Finance Minister Lee Hyoung-il, who assumed office last month, convened the meeting with U.S. Treasury Secretary Scott Bessent for the first time since his appointment.

Secretary Bessent extended his congratulations to Minister Lee and emphasized the critical nature of their partnership in economic and financial matters. In response, Minister Lee expressed his gratitude to Secretary Bessent and voiced his optimism for continued close communication and cooperation between the two nations.

During their discussion, the two ministers explored their shared economic policy objectives and explored avenues to bolster their bilateral cooperation.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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