Deputy Prime Minister Choi Sang-mok's International Debut... Attends G20 Finance Ministers Meeting

Departure from S?o Paulo, Brazil on the 26th

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, Park Sang-woo, Minister of Land, Infrastructure and Transport, and others are attending the Emergency Economic Ministers' Meeting held at the Government Seoul Office in Jongno-gu, Seoul on the 14th. Photo by Jo Yong-jun jun21@

Choi Sang-mok, Deputy Prime Minister for Economy and Minister of Economy and Finance, will step onto the international diplomatic stage for the first time since his inauguration.

The Ministry of Economy and Finance announced that Deputy Prime Minister Choi will depart on the 26th to attend the G20 Finance Ministers' Meeting held in S?o Paulo, Brazil, on the 28th and 29th. This is his first time participating in a multilateral diplomatic event since taking office at the end of December last year.

This year, the host country is Brazil, the largest nation in Latin America, and the meeting will be conducted under the slogan "Building a Fair World and a Sustainable Earth" across four sessions.

Each session is composed of economic policies to reduce inequality, assessments of the global economic outlook and risks, international taxation and financial cooperation, and issues related to developing countries' debt and sustainable development.

On the first day, the 28th, Deputy Prime Minister Choi plans to promote Korea's key economic policy directions, such as the dynamic economy, and discuss global economic risk factors. On the following day, he intends to urge countries to make efforts toward the final agreement on Pillar 1 of the digital tax.

Additionally, as Korea co-chairs the International Financial Architecture Working Group, he plans to present measures to expand funding for growth, including debt relief for vulnerable countries and reforms of multilateral development banks, through leading remarks.

The International Financial Architecture Working Group is a G20 working body that addresses the agenda of strengthening the global financial safety net and has been co-chaired by France and Korea since 2016.

Taking this opportunity to attend the meeting, Deputy Prime Minister Choi will seek bilateral talks with key finance ministers, including U.S. Treasury Secretary Janet Yellen, and the IMF Managing Director.

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