Choo Kyung-ho Meets Successively with US and Chinese Treasury Chiefs... Urges China for "Economic Cooperation"

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho, visiting Gandhinagar, India to attend the G20 Finance Ministers and Central Bank Governors Meeting, is taking a commemorative photo with U.S. Treasury Secretary Janet Yellen on the 17th (local time) at the Mahatma Mandir Convention Center (MMCC) before their bilateral meeting.

On the 17th (local time), Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho held consecutive meetings with Janet Yellen, U.S. Secretary of the Treasury, and Liu Kun, Minister of Finance of China, the Ministry of Economy and Finance announced on the 18th.

Deputy Prime Minister Choo is visiting Gandhinagar, India, to attend the G20 Finance Ministers and Central Bank Governors Meeting.

Deputy Prime Minister Choo conveyed to Secretary Yellen that concerns remain on the Korean side regarding the Inflation Reduction Act (IRA) and the CHIPS Act, and requested the U.S. administration's continued attention to Korea's requests.

He also inquired about Secretary Yellen's recent visit to China and expressed the view that improving Korea-Japan relations would contribute to Korea-U.S.-Japan economic cooperation.

The Ministry of Economy and Finance stated that they agreed to continue consultations with the U.S. regarding sanctions on Russia.

Following Secretary Yellen, Deputy Prime Minister Choo discussed economic cooperation measures in a bilateral meeting with Minister Liu. This was the first face-to-face bilateral meeting between the finance ministers of Korea and China in four years, since 2019.

Deputy Prime Minister Choo emphasized to Minister Liu that the two countries are mutually important and close partners in trade and investment. He also expressed hope to continue healthy and mature economic cooperation based on mutual respect, reciprocity, and shared interests.

The two ministers exchanged views on human exchanges and supply chain cooperation, and Deputy Prime Minister Choo proposed expanding communication and cooperation through various channels between the financial authorities, the Ministry of Economy and Finance reported.

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