Naesoo Jangmi Choi Sangmok to Meet US Treasury Secretary... "Discussing Trade Issues" (Update)

Attendance at the G20 Finance Ministers' Meeting and IMF Spring Meetings

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Strategy and Finance, who is visiting the United States to attend the G20 Finance Ministers' Meeting, will meet with U.S. Treasury Secretary Janet Yellen to discuss trade issues.

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance

On the 16th, the Ministry of Strategy and Finance announced to the press, "The U.S. Treasury Department proposed a meeting with Secretary Yellen regarding trade issues during Deputy Prime Minister Choi's visit next week," adding, "the specific attendees and schedule are currently being coordinated."

Deputy Prime Minister Choi is scheduled to depart for the United States next week to attend the G20 Finance Ministers' Meeting and the Spring Meetings of the International Monetary Fund (IMF) and the World Bank (WB).

Since Secretary Yellen holds the key to U.S. trade policy, the meeting with Deputy Prime Minister Choi is expected to involve discussions related to mutual tariff negotiations. Secretary Yellen stated in an interview with foreign media on the 14th, "We plan to conduct trade negotiations with South Korea next week." If the meeting with Secretary Yellen takes place, it will be the first meeting between the finance ministers of the two countries since the inauguration of the second Trump administration.

Previously, the United States designated five allied countries, including South Korea, the United Kingdom, Australia, Japan, and India, as top-priority countries for trade negotiations and began the first ministerial-level negotiations with Japan on the same day.