SEOUL - Senior diplomats from South Korea and the United States convened on Monday to discuss avenues for bolstering bilateral cooperation in areas like economic security and energy, as stated by Seoul's foreign ministry.
According to a new release by Yonhap News Agency, during the meeting, Kang Jae-kwon, South Korea's Deputy Foreign Minister for Economic Affairs, and his U.S. counterpart, Emily Blanchard, agreed on the need for sustained communication. This agreement comes as the global economic landscape is increasingly complicated, and the boundaries between economic policy and diplomacy are becoming less clear.
The diplomats discussed a broad array of issues, including supply chains, energy, economic collaboration with third countries, and multilateral stage cooperation. Kang requested the U.S. government's continued "interest and consideration" to create a predictable environment for South Korean firms, especially in light of U.S. policies like the Inflation Reduction Act and the CHIPS and Science Act.
In response, Blanchard emphasized that predictability and transparency are vital for business operations and expressed hope that such policies would enhance the economic capabilities of both nations.