Korea, US hold first 2+2 meeting of finance, monetary policymakers
Korea and the United States held their first "two-plus-two" meeting of finance and monetary policymakers on the sidelines of a Group of 20 (G20) ministerial gathering to strengthen coordination in responding to external uncertainties, the finance ministry said Friday. Finance Minister Lee Hyoung-il and Bank of Korea (BOK) Gov. Shin Hyun-song met with U.S. Federal Reserve Chair Kevin Warsh and…
Korea and the United States convened their inaugural two-plus-two meeting of finance and monetary policymakers during a Group of 20 (G20) ministerial gathering. The meeting, held in Bangkok, aimed to bolster coordination in addressing external uncertainties, according to the Korea Ministry of Finance and Economy. Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song met with U.S. Federal Reserve Chair Kevin Warsh and Deputy Treasury Secretary Francis Brooke.
The participants discussed recent economic developments and avenues to bolster bilateral economic and financial cooperation. Lee emphasized the significance of the meeting as it was the first time senior officials from both countries' finance and monetary authorities convened together. Treasury Secretary Scott Bessent did not attend the Bangkok event.
The meeting's objective was to enhance coordination between the two nations' financial and monetary authorities.
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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