<기사>Weekly Ministerial Meetings Including Ministry of Strategy and Finance, Foreign Affairs, and Industry... Responding to Uncertainty of US Trump 2nd Term Launch

The government has decided to hold weekly ministerial meetings involving relevant ministries to devise countermeasures in response to changes in the diplomatic and trade landscape following the inauguration of Donald Trump’s administration in the United States.

The Ministry of Strategy and Finance, Ministry of Foreign Affairs, and Ministry of Trade, Industry and Energy announced on the 8th that they held a first-level situation review meeting with related ministries. Attendees included Choi Ji-young, Director General for International Economic Affairs at the Ministry of Strategy and Finance; Kim Hee-sang, Economic Diplomacy Coordinator at the Ministry of Foreign Affairs; and Park Jong-won, Deputy Minister for Trade at the Ministry of Trade, Industry and Energy.

This meeting was a follow-up to the economic ministers’ meeting and the external economic ministers’ meeting held the previous day. It represents a government-wide response to rapidly changing diplomatic and trade environments following the outcome of the U.S. presidential election, which concluded with Trump’s victory.

The Ministry of Strategy and Finance explained, "In principle, until the new administration takes office, weekly ministerial meetings involving the Ministry of Strategy and Finance, Ministry of Foreign Affairs, Ministry of Trade, Industry and Energy, and the Office for Government Policy Coordination will be held to share information related to the inauguration of the new U.S. administration and coordinate the government’s response direction."

Trump’s election in the U.S. presidential election held on the 5th has increased policy uncertainty, and many changes in the external environment are expected going forward. Through the meeting held the previous day, related ministries agreed on the need for proactive and thorough responses to minimize uncertainties that the U.S. election results may have on the Korean economy and businesses.

The government also decided to discuss agendas for exchanges with the new U.S. administration. The Ministry of Strategy and Finance added, "Since President Yoon Suk-yeol and President-elect Trump agreed on an ‘early meeting’ during their phone call, we will also consult on agendas related to high-level exchanges with the new U.S. administration."

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