South Korean and U.S. Finance Ministers Discuss Strengthening Economic Cooperation

SEOUL - South Korea's Finance Minister Choo Kyung-ho expressed gratitude towards U.S. Treasury Secretary Janet Yellen for her collaborative efforts on a broad spectrum of economic and financial matters. During a teleconference on Wednesday, Choo also expressed aspirations for enhanced bilateral relations, as reported by his office.

According to Yonhap News Agency, Choo, who is set to depart from his role to participate in the April general elections, highlighted the progress made in South Korea-U.S. economic and financial discussions. "The two sides have had close consultations on various pending issues on the economy and finance, and the bilateral relations have enhanced further this year, marking the 70th anniversary of the alliance," Choo remarked.

Choo requested continued cooperation between the two countries and anticipated that the forthcoming trilateral finance ministers' meeting, which also includes Japan, would be an opportunity to deepen economic ties among the three nations. This meeting was agreed upon during an August summit in Maryland, attended by South Korean President Yoon Suk Yeol, U.S. President Joe Biden, and Japanese Prime Minister Fumio Kishida.

In a related development, Choi Sang-mok, the former senior presidential secretary for economic affairs, has been appointed as the new minister of economy and finance. In this role, Choi will also serve as the deputy prime minister for the economy, succeeding Choo.

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