The Ministry of Economy and Finance announced that Choi Ji-young, Director General for International Economic Affairs (at the level of Vice Minister), held the 1st Korea-UK Economic and Financial Dialogue with Lindsay White, UK Treasury International Deputy Undersecretary, on the 26th (local time) in London, UK.
This is the first time an economic and financial dialogue has been held between the two financial authorities. According to the Ministry, various topics were discussed during the dialogue, including multilateral cooperation, growth policies, climate response, economic security, and financial cooperation.
The two international deputy undersecretaries began by exchanging views on economic trends and outlooks, followed by discussions on reform agendas for the G20 finance sector and multilateral development banks. During the working lunch, they exchanged opinions on the policy direction of the UK government, which changed administration for the first time in 14 years.
In the afternoon session, they shared the UK’s plans for the Carbon Border Adjustment Mechanism (CBAM) and the current status of Korea’s carbon pricing system, and also discussed supply chain policies in the field of economic security.
Additionally, Director General Choi met with prominent investors in London to explain Korea’s sound fiscal and external soundness, policies to enhance investor accessibility, and requested their interest in foreign exchange stabilization fund bonds and Korean foreign currency bonds.
The investors positively evaluated the solid fundamentals of the Korean economy and showed strong interest in capital and foreign exchange market advancement and regular issuance of foreign exchange stabilization bonds, the Ministry of Economy and Finance reported.
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