To fill the gap in economic diplomacy amid the martial law and impeachment political turmoil, the government-appointed Ambassador for International Financial Cooperation will actively engage in activities to maintain external credibility.
On the 30th, the Ministry of Economy and Finance announced that Ambassador Choi Jong-gu will visit Hong Kong and Singapore next month to conduct economic diplomacy activities aimed at enhancing the external credibility of the Korean economy.
From the 11th to the 14th of next month, Ambassador Choi, along with officials from the Ministry of Economy and Finance, the Financial Services Commission, and the Korea Investment Corporation, will visit Hong Kong and Singapore to meet with senior officials responsible for Korea’s credit ratings at the three major global credit rating agencies.
Through meetings with the rating agencies, they plan to update them on the recent political and economic situation in Korea and the policy response directions, continuing the government’s ongoing efforts to communicate with the rating agencies.
On the 13th of next month in Singapore, a Korean economic briefing will be held targeting senior executives of leading global asset management firms and investment banks.
The Ministry of Economy and Finance stated that the briefing aims to accurately convey information about the Korean economy to maintain strong trust in the international community and to listen to overseas investors’ perspectives and suggestions regarding government policies.
Ambassador Choi plans to sequentially visit New York, London, and other locations in March to continue holding Korean economic briefings and meeting with global rating agencies and key financial figures.
A Ministry of Economy and Finance official said, "The government will actively support the activities of the Ambassador for International Financial Cooperation and will make multifaceted efforts to communicate with the international community to manage the external credibility of our economy."
Ambassador Choi, appointed to accurately inform about Korea’s economy and financial situation including its solid fundamentals and to enhance external credibility, holds the official ambassadorial position for one year.
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