Seoul:The finance ministers of South Korea and the United States have underscored the significance of their countries' economic and financial collaboration. This was highlighted during a video conference between South Korea's Finance Minister Lee Hyoung-il and U.S. Treasury Secretary Scott Bessent. This meeting marked their first interaction since Lee assumed office last month.
According to Yonhap News Agency, Bessent extended his congratulations to Lee on his recent appointment and emphasized the critical nature of the bilateral economic and financial partnership. Lee expressed his gratitude for the congratulations and conveyed his hopes for continued effective communication and cooperation.
The ministers discussed shared economic policy priorities and explored avenues to enhance their bilateral cooperation. The U.S. Treasury issued a statement reiterating Bessent's emphasis on the importance of the U.S.-Republic of Korea economic relationship and detailing their discussions on mutual economic priorities and opportunities for strengthening cooperation. In South Korea, the finance minister also serves as the deputy prime minister.