Deputy Prime Minister Hong to Depart on 28th for G20 Summit Support and COP26 Attendance... London IR to be Held

Hong Nam-ki, Deputy Prime Minister for Economic Affairs Photo by Yonhap News

[Sejong=Asia Economy Reporter Son Sun-hee] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, will depart on the 28th to attend the G20 Summit held in Rome, Italy on the 30th as an official member of President Moon Jae-in's delegation.

According to the Ministry of Economy and Finance on the day, Deputy Prime Minister Hong will assist President Moon at the G20 Summit and also attend the joint G20 Finance and Health Ministers' meeting held locally.

This G20 Summit is the first face-to-face meeting in about two years since the last one held in Tokyo, Japan in June 2019 before the COVID-19 pandemic. Deputy Prime Minister Hong will support President Moon on major G20 issues such as macro-policy coordination to overcome the economic crisis, support measures for low-income countries, and climate change response.

Following this, the joint G20 Finance and Health Ministers' meeting will be held under the theme of 'Improving Pandemic Prevention and Response Systems.' Deputy Prime Minister Hong plans to point out problems in global health governance revealed during the COVID-19 response process and urge the establishment of improvement measures.

Deputy Prime Minister Hong will then move to Glasgow, UK on the 31st to attend the 26th United Nations Climate Change Conference of the Parties (COP26).

In particular, taking this business trip as an opportunity, a Korean economic briefing will be held in London on the 1st of next month. This is the first face-to-face briefing in about two years since the economic briefing held in New York in October 2019. Senior executives in investment strategy and asset management from leading global investment banks and asset management firms based in London are expected to attend.

Through this briefing, Deputy Prime Minister Hong will explain the current status of the Korean economy, economic recovery achievements, and efforts for COVID-19 and mid- to long-term policy responses. He also plans to actively respond to overseas investors' interests and concerns.

On the 2nd of next month, he is scheduled to visit international credit rating agency Moody's and hold a meeting with senior officials including Marie Diron, Head of Sovereign Credit Ratings for Asia-Pacific, Central Asia, and Africa.

As the host country of COP26, the UK, considering the importance of the finance track in climate change response, will hold a finance-related event (Finance Day) on the 3rd of next month, inviting Deputy Prime Minister Hong along with finance ministers and central bank governors of major countries, heads of international organizations, and private financial institutions.

This content was produced with the assistance of AI translation services.