Choi Jong-moon, Deputy Foreign Minister, Discusses Support for Korean Companies with U.S. Deputy Secretary of State for Economic Affairs

[Asia Economy Reporter Yoo In-ho] On the 8th, Choi Jong-moon, the 2nd Vice Minister of Foreign Affairs, held a discussion with Jose Fernandez, the newly appointed U.S. Deputy Secretary of State for Economic Affairs, to review the outcomes of the May Korea-U.S. summit and discuss ways to expand mutual cooperation, the Ministry of Foreign Affairs announced.

Vice Minister Choi spoke with Deputy Secretary Fernandez and requested the U.S. administration's support for Korean companies in sectors such as semiconductors and batteries operating in the U.S. to stabilize supply chains.

Deputy Secretary Fernandez expressed hope to expand cooperation with Korea, a key partner in the Indo-Pacific region, in supply chain and infrastructure sectors in response to global environmental changes.

Both vice ministers tentatively agreed to hold the 6th Korea-U.S. Senior Economic Dialogue (SED) in Korea this November to achieve economic and practical outcomes from the Korea-U.S. summit.

SED is a high-level regular consultative body that comprehensively discusses economic cooperation issues between the two countries' foreign authorities, agreed upon at the Korea-U.S. summit in October 2015. The 5th SED was held virtually last October.

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