Deputy Minister Ki Jae at APEC Meeting: "Shared Understanding on the Importance of Ensuring Fiscal Soundness"

Major countries in the Asia-Pacific region reached a consensus on securing fiscal soundness.

On the 14th, the Ministry of Economy and Finance announced that Choi Ji-young, Director General for International Economic Affairs, attended the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting held in San Francisco, USA, for two days starting from the 12th.

The Ministry reported that representatives from each country agreed during the meeting on the necessity of efforts to restore macroeconomic stability and expand growth engines, emphasizing the importance of securing fiscal soundness. The meeting discussed △ fiscal policy △ global and regional economic and financial outlooks △ policy directions for medium- to long-term economic productivity improvement △ sustainable finance △ virtual assets, among other topics.

Director General Choi explained the South Korean government's fiscal management direction, which secures future capacity through a sound fiscal stance while making bold investments where necessary, as well as efforts to introduce fiscal rules. She also introduced South Korea's virtual asset regulatory framework, preparations for the Bank of Korea's Central Bank Digital Currency (CBDC) introduction, and the government's plan to provide an additional $300 million contribution to the Green Climate Fund (GCF).

Director General Choi held bilateral meetings with representatives from major countries such as Indonesia, Thailand, and Peru, requesting support for smooth investment and business activities of Korean companies and backing for hosting the 2030 World Expo in Busan.

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