Finance minister calls for close monitoring of US midterms impact
Finance Minister Lee Hyoung-il on Wednesday called for South Korea's financial attaches in overseas missions to closely monitor the impact of the U.S. midterm elections on the global economy, including how individual countries are responding. Lee made the remarks during his first meeting with financial attaches at 18 overseas missions since taking office in September, held virtually to review the…
South Korea's Finance Minister Lee Hyoung-il has urged financial attaches stationed in overseas missions to closely monitor the potential impact of the U.S. midterm elections on the global economy, according to a recent government statement. This advice was imparted during Lee's inaugural meeting with the financial attaches at 18 overseas missions, held virtually to discuss recent economic trends in major countries, as reported by the Ministry of Finance and Economy.
During the meeting, Lee emphasized that South Korea currently faces external uncertainties, such as fiscal instability in Europe and global geopolitical tensions, despite the nation's strong export performance. To transform recent accomplishments into sustainable growth, Lee argued that it is crucial to anticipate changes in the external environment and proactively address potential risks.
Furthermore, Lee stressed the importance of considering how the evolving political landscape following the U.S. midterm elections might influence the Trump administration's policy direction. He instructed the financial attaches to closely monitor and assess these developments.
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- Finance minister calls for close monitoring of US midterms impact koreatimes.co.kr
