Korean, US finance ministers discuss economic cooperation
Finance Minister Choo Kyung-ho, right, has a videoconference with U.S. Treasury Secretary Janet Yellen, Dec. 20. Courtesy of the Ministry of Economy and Finance
Finance Minister Choo Kyung-ho thanked U.S. Treasury Secretary Janet Yellen on Wednesday for her cooperation on a wide range of economic and financial issues and voiced hope for stronger bilateral ties, his office said.
Choo delivered the message during a teleconference with Yellen, as he was to leave the post to run in the April general elections.
"The two sides have had close consultations on various pending issues on the economy and finance, and the bilateral relations have enhanced further this year, marking the 70th anniversary of the alliance," Choo said.
The outgoing minister asked for continued cooperation between the two nations and expected the upcoming trilateral finance ministers' meeting involving Japan to serve as a chance to further deepen three-way economic ties.
During a summit between President Yoon Suk Yeol, U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida in Maryland in August, the three sides agreed to hold an inaugural trilateral meeting between their finance ministers.
Choi Sang-mok, former senior presidential secretary for economic affairs, was named the minister of economy and finance, who doubles as deputy prime minister for the economy, to replace Choo. (Yonhap)