By Kang Yoon-seung
MARRAKESH, Morocco, Oct. 13 (Yonhap) — Representatives from South Korea and the United States discussed economic topics, including bilateral cooperation and geopolitical uncertainties, the Ministry of Economy and Finance announced on Friday.
Finance Minister Choo Kyung-ho held a meeting with U.S. Treasury Secretary Janet Yellen during the International Monetary Fund and the World Bank’s yearly gatherings in Marrakesh, western Morocco, according to the Ministry of Economy and Finance.
During the meeting, Choo asked the U.S. to take into account South Korean companies’ stance on unresolved issues, including the Inflation Reduction Act and Washington’s export controls against China.
Finance Minister Choo Kyung-ho (L) speaks with U.S. Treasury Secretary Janet Yellen in Marrakesh, Morocco, on Oct. 12, 2023, in this photo released by the Ministry of Economy and Finance. (PHOTO NOT FOR SALE) (Yonhap)
Choo and Yellen also discussed geopolitical uncertainties and their effect on the international economy, according to the ministry.
The two countries agreed to strengthen their ties, including organizing trilateral financial talks between South Korea, the U.S. and Japan.
The finance minister also held one-on-one meetings with eight other countries, such as Colombia, Pakistan and Ghana, requesting them to support South Korea’s bid to host the 2030 World Expo in the southeastern city of Busan.
Finance Minister Choo Kyung-ho (L) shakes hands with his Colombian counterpart, Ricardo Bonilla, in Marrakesh, Morocco, on Oct. 12, 2023, in this photo released by the Ministry of Economy and Finance. (PHOTO NOT FOR SALE) (Yonhap)
At the Development Committee meeting of the World Bank, Choo asked the organization to swiftly launch research projects to address global problems and share its development know-how with developing countries.
To this end, the finance minister said the bank, donors and recipients need to maintain close cooperation and take new approaches to address the challenges.
Finance Minister Choo Kyung-ho (on the screen, C) speaks during the Development Committee meeting of the World Bank held in Marrakesh, Morocco, on Oct. 12, 2023, in this photo released by the Ministry of Economy and Finance. (PHOTO NOT FOR SALE) (Yonhap)
colin@yna.co.kr
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South Korean, American Officials Exchange Ideas on Economics and Geopolitical Issues
By Kang Yoon-seung
MARRAKESH, Morocco, Oct. 13 (Yonhap) — Representatives of South Korea and the United States engaged in a dialogue on a variety of economic topics, including bilateral cooperation and geopolitical uncertainties, the Ministry of Economy and Finance announced on Friday.
Finance Minister Choo Kyung-ho held a meeting with U.S. Treasury Secretary Janet Yellen during the International Monetary Fund and the World Bank’s yearly gatherings in Marrakesh, western Morocco, according to the Ministry of Economy and Finance.
During the meeting, Choo asked the U.S. to pay attention to South Korean companies’ stance on unresolved issues, including the Inflation Reduction Act and Washington’s export controls against China.
Finance Minister Choo Kyung-ho (L) speaks with U.S. Treasury Secretary Janet Yellen in Marrakesh, Morocco, on Oct. 12, 2023, in this photo released by the Ministry of Economy and Finance. (PHOTO NOT FOR SALE) (Yonhap)
Choo and Yellen also discussed geopolitical uncertainties and their influence on the global economy, according to the ministry.
The two countries agreed to bolster bilateral ties, including organizing trilateral financial talks between South Korea, the U.S. and Japan.
The finance minister also held one-on-one meetings with eight other countries, such as Colombia, Pakistan and Ghana, requesting them to support South Korea’s bid to host the 2030 World Expo in the southeastern city of Busan.
Finance Minister Choo Kyung-ho (L) shakes hands with his Colombian counterpart, Ricardo Bonilla, in Marrakesh, Morocco, on Oct. 12, 2023, in this photo released by the Ministry of Economy and Finance. (PHOTO NOT FOR SALE) (Yonhap)
At the Development Committee meeting of the World Bank, Choo asked the organization to quickly launch research projects to address global problems and share its development know-how with developing countries.
To this end, the finance minister said the bank, donors and recipients need to maintain close cooperation and take new approaches to address the challenges.
Finance Minister Choo Kyung-ho (on the screen, C) speaks during the Development Committee meeting of the World Bank held in Marrakesh, Morocco, on Oct. 12, 2023, in this photo released by the Ministry of Economy and Finance. (PHOTO NOT FOR SALE) (Yonhap)
colin@yna.co.kr
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