South Korea and the United States held their first '2+2' meeting of finance and monetary policymakers on the sidelines of the G20 finance ministers' meeting in Bangkok, aiming to strengthen coordination in responding to external uncertainties, the Ministry of Finance and Economy said. Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song met with Federal Reserve Chair Kevin Warsh and Deputy Treasury Secretary Francis Brooke on Friday to exchange views on recent economic developments and bilateral cooperation. Lee called the meeting meaningful, as it was the first time senior officials from both countries' finance and monetary authorities met together. Treasury Secretary Scott Bessent did not attend, but Under Secretary Erin Browne said the parties discussed ways to strengthen economic and financial cooperation.
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- S Korea , US hold first 2+2 meeting of finance , monetary policymakers
South Korea and the United States held their first “2+2” meeting of finance and monetary policymakers on the sidelines of the G20 finance ministers’ meeting in Bangkok, aiming to strengthen coordination on external uncertainties. Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song met Federal Reserve Chair Kevin Warsh and U.S. Deputy Treasury Secretary Francis Brooke to discuss recent economic developments and ways to boost bilateral cooperation. U.S. Treasury Secretary Scott Bessent did not attend. A finance ministry official said the framework would help the two countries address external financial uncertainties promptly and effectively, and it was Lee’s first overseas trip as minister since taking office last month.
- S . Korea , US hold first 2+2 meeting of finance , monetary
South Korea and the United States held their first “two-plus-two” meeting of finance and monetary policymakers on the sidelines of the G20 finance ministers’ meeting in Bangkok, aiming to strengthen coordination in responding to external uncertainties. Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song met Federal Reserve Chair Kevin Warsh and US Deputy Treasury Secretary Francis Brooke to exchange views on recent economic developments and bilateral cooperation. Lee called the meeting meaningful as it was the first time senior officials from both countries’ finance and monetary authorities met together, while Treasury Secretary Scott Bessent did not attend. It was also Lee’s first overseas trip as finance minister since taking office last month.
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