Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Historic Trilateral Financial Summit: U.S., South Korea, and Japan Unite in DC

Daniel Kim Views  

최상목 부총리 겸 기획재정부 장관
Deputy Prime Minister and Minister of Economy and Finance Choi Sang Mok

For the first time, the finance ministers of South Korea, the United States, and Japan will gather tomorrow in Washington, D.C.

The Ministry of Economy and Finance announced on the 16th that Deputy Prime Minister Choi Sang Mok will depart for the U.S. to attend the trilateral finance ministers’ meeting.

This finance ministers’ meeting follows up on the trilateral summit held last August at Camp David in the U.S.

At that time, President Yoon Suk Yeol of South Korea, President Joe Biden of the U.S., and Prime Minister Fumio Kishida of Japan agreed to establish a trilateral finance ministers’ meeting. The intention is to expand and develop financial and foreign exchange cooperation that has been conducted on a bilateral basis, such as between South Korea and the U.S. and South Korea and Japan, to a trilateral level.

Deputy Prime Minister Choi, U.S. Treasury Secretary Janet Yellen, and Japanese Finance Minister Shun’ichi Suzuki are expected to discuss ways to cooperate for global economic stability, continuing the dialogue from the last summit.

It will be noteworthy whether a joint message for macroeconomic stability is released as the strong dollar phenomenon continues with increasing unrest in the Middle East and forecasts the delay of the U.S. interest rate cut.

After this meeting, Deputy Prime Minister Choi will attend the G20 Finance Ministers’ Meeting.

He plans to propose the need for enhanced cooperation with the private sector to achieve carbon neutrality and to suggest ways to improve the international financial system, such as reforming multilateral development banks for sustainable growth.

Follow-up measures for supporting Ukraine will also continue.

At the Ukraine Support Roundtable, he will reveal follow-up measures for a $2.3 billion aid pledge, meet with Ukrainian Finance Minister Serhiy Marchenko, and sign a basic agreement for the Economic Development Cooperation Fund (EDCF).

He will explore cooperation through bilateral talks with Japanese Finance Minister Shunichi Suzuki and discuss the World Bank’s (WB) development plan at the WB Development Committee meeting.

He will also meet with the Managing Director of the International Monetary Fund (IMF) and hold a signing ceremony for South Korea’s contribution to the Poverty Reduction and Growth Trust (PRGT).

He plans to have bilateral talks with the President of the World Bank, the Inter-American Development Bank (IDB) President, and representatives from Standard & Poor’s (S&P) and other institutions.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[LATEST] Latest Stories

  • North Korea Fires Over 10 Missiles into the Sea of Japan, Seoul on High Alert
  • Emergency in Seoul: North Korean Flyers Spark Military Response
  • Colombia's Search for $20 Billion in Sunken Spanish Gold
  • House of 'Home Alone' Hits the Market: Live Like Kevin for $5.25 Million!
  • Fruit Fury: Koreans Outraged Over Cheap U.S. Apple Prices
  • Japanese Man Arrested for Creating Computer Virus with AI

Weekly Best Articles

  • North Korea Sends ‘Filth Balloons’ into South Korean Territory: A Violation of the Armistice Agreement?
  • North Korea’s GPS Jamming and Missile Launches, Provocations Escalate
  • ILLIT’s ‘Magnetic’ Keeps Pulling Fans: Continues Its Hot Streak on Billboard and Spotify
  • Kim Jong Un’s Sister Mocks South Korea with Trash-Filled Balloons: Border Showdown Imminent?
  • Samsung Workers Strike for the First Time: A Historic Labor Showdown
  • Strike Alert! Canada’s Second-Largest Copper Mine Faces Shutdown
  • NCT Jaehyun Joins Lauv As Special Guest at Seoul Jazz Festival 2024
  • North Korea Fires Over 10 Missiles into the Sea of Japan, Seoul on High Alert
  • NewJeans Joins Beyoncé and Adele Among ‘The Face’s Legendary Cover Stars
  • SEVENTEEN’s Latest Album Holds Strong in Billboard 200
  • Emergency in Seoul: North Korean Flyers Spark Military Response
  • North Carolina Man Shares $100K Lottery Win with Friend – Here’s Why

You May Also Like

  • 1
    Elon Musk's Latest AI Project Attracts $6 Billion, Signaling Major Industry Shift

    BUSINESS 

  • 2
    Emergency Alerts Issued in Seoul Amid North Korean Flyer Scare

    ASIA 

  • 3
    North Korea's Kim Encourages Scientists Post-Failure: 'Do Not Be Dismayed'

    ASIA 

  • 4
    Calls for Military Reform Intensify After Soldier's Death

    ASIA 

  • 5
    Three European Countries Recognize Palestine Statehood

    WORLD 

Popular Now

  • 1
    Behind Closed Doors: How Israel Allegedly Manipulated International Justice

    WORLD 

  • 2
    China Chooses iPhone: Apple's Smart Strategy Leads to a 52% Sales Increase

    BUSINESS 

  • 3
    Chinese Influencer Accuses Korea of Cultural Theft

    ENTERTAINMENT 

  • 4
    Drama Off-Screen: KBS Bans Appearances of Convicted Squid Game Actor O Yeong Su

    ENTERTAINMENT 

  • 5
    Dark Side of Eyelash Extensions Revealed: 10 Hidden Dangers You MUST Know!

    LIFESTYLE 

Weekly Best Articles

  • North Korea Sends ‘Filth Balloons’ into South Korean Territory: A Violation of the Armistice Agreement?
  • North Korea’s GPS Jamming and Missile Launches, Provocations Escalate
  • ILLIT’s ‘Magnetic’ Keeps Pulling Fans: Continues Its Hot Streak on Billboard and Spotify
  • Kim Jong Un’s Sister Mocks South Korea with Trash-Filled Balloons: Border Showdown Imminent?
  • Samsung Workers Strike for the First Time: A Historic Labor Showdown
  • Strike Alert! Canada’s Second-Largest Copper Mine Faces Shutdown
  • NCT Jaehyun Joins Lauv As Special Guest at Seoul Jazz Festival 2024
  • North Korea Fires Over 10 Missiles into the Sea of Japan, Seoul on High Alert
  • NewJeans Joins Beyoncé and Adele Among ‘The Face’s Legendary Cover Stars
  • SEVENTEEN’s Latest Album Holds Strong in Billboard 200
  • Emergency in Seoul: North Korean Flyers Spark Military Response
  • North Carolina Man Shares $100K Lottery Win with Friend – Here’s Why

Must-Reads

  • 1
    Elon Musk's Latest AI Project Attracts $6 Billion, Signaling Major Industry Shift

    BUSINESS 

  • 2
    Emergency Alerts Issued in Seoul Amid North Korean Flyer Scare

    ASIA 

  • 3
    North Korea's Kim Encourages Scientists Post-Failure: 'Do Not Be Dismayed'

    ASIA 

  • 4
    Calls for Military Reform Intensify After Soldier's Death

    ASIA 

  • 5
    Three European Countries Recognize Palestine Statehood

    WORLD 

Popular Now

  • 1
    Behind Closed Doors: How Israel Allegedly Manipulated International Justice

    WORLD 

  • 2
    China Chooses iPhone: Apple's Smart Strategy Leads to a 52% Sales Increase

    BUSINESS 

  • 3
    Chinese Influencer Accuses Korea of Cultural Theft

    ENTERTAINMENT 

  • 4
    Drama Off-Screen: KBS Bans Appearances of Convicted Squid Game Actor O Yeong Su

    ENTERTAINMENT 

  • 5
    Dark Side of Eyelash Extensions Revealed: 10 Hidden Dangers You MUST Know!

    LIFESTYLE 

Share it on...