Korean finance minister departs for Bangkok to attend IMF, G20 ministerial meetings

Finance Minister Lee Hyoung-il headed to Bangkok on Wednesday to attend crucial meetings at the International Monetary Fund (IMF) and World Bank Group, alongside a G20 finance ministerial conference, according to his office. Departing from Incheon International Airport, Lee is set to engage in numerous multilateral discussions over the course of the week, aiming to tackle pressing global economic concerns, as reported by the Ministry of Finance and Economy.

This marks the first time Lee has participated in such gatherings since assuming his role as finance minister last month. His itinerary includes attending the G20 Finance Ministers and Central Bank Governors Meeting on Thursday, where they will deliberate on critical matters leading up to the G20 summit scheduled for December. The policymaker is anticipated to make significant contributions during the G7 finance ministers' meeting, further enhancing Korea's standing on the global stage, as stated by the ministry.

Lee's primary objective during this visit is to strengthen Seoul's relationships with key financial authorities.