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…
Finance Minister Lee Hyoung-il has urged South Korean financial attaches stationed overseas to keep a close eye on the potential impact of the upcoming U.S. midterm elections on the global economy, according to a statement from the Ministry of Finance and Economy. During his inaugural meeting with financial attaches at 18 overseas missions, Lee emphasized the need to closely monitor individual countries' responses to the U.S. elections, given the external uncertainties currently facing South Korea.
Despite the country's strong exports, Lee highlighted fiscal instability in Europe and global geopolitical tensions as factors that could pose challenges to South Korea's economic stability. The finance minister stressed the importance of preemptively identifying changes in the external environment and taking steps to address risks proactively.
Lee also pointed out the significance of observing how the U.S. midterm elections will shape the Trump administration's policy direction, instructing the financial attaches to remain vigilant in this regard.
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