Virtual Meeting Between South Korea and U.S. Economic Leaders

Acting President and Deputy Prime Minister Choi Sang-mok recently held a virtual meeting with U.S. Treasury Secretary Scott Besant. This significant dialogue, which took place on the morning of Feb. 28, focused on crucial economic issues, including the impact of Trump's tariff policies and South Korea's investment plans in the U.S.

Choi emphasized the importance of the South Korea-U.S. alliance, highlighting the resilience of the Korean economy and its swift response to economic challenges. The meeting underscored the need for cooperation on economic, trade, security, and foreign exchange market issues.

Addressing Trump's Tariff Measures

The dialogue also touched upon the contentious tariff measures introduced by the Trump administration, which have been a point of contention in international trade discussions. Choi urged the U.S. to consider South Korea's significant contributions to the U.S. economy, especially in terms of investment and job creation.

Enhancing Indo-Pacific Cooperation

Furthermore, the meeting addressed the necessity of close cooperation between South Korea and the U.S. on economic and security issues in the Indo-Pacific region. The importance of trilateral cooperation with Japan was also highlighted, aiming to address regional security challenges and promote economic stability in the Asia-Pacific region.

The South Korean government plans to maintain close communication with the U.S. administration, aiming to further strengthen the South Korea-U.S. alliance. This ongoing dialogue is expected to facilitate mutual understanding and cooperation on various economic fronts, ensuring effective navigation through the complexities of international trade and economic policy.