On December 10, Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok held a video meeting with U.S. Treasury Secretary Janet L. Yellen at the Government Complex-Seoul. During the meeting, DPM Choi explained the stable governance of the Korean government and reaffirmed the close economic and financial ties between the two nations.

DPM Choi first explained that Korea’s democratic process is fully functioning, with public safety and order being maintained. He emphasized that all national systems, including political and economic functions, are operating as usual, with no room for disruption.

In particular, regarding the economic sector, he noted that Korea’s economic system remains robust and the emergency response mechanism is functioning stably; going forward, Korea’s economic team under his leadership will continue proactively addressing volatility in the financial and foreign exchange markets while maintaining a consistent and systematic economic policy framework. He also explained that the government will actively participate in the ruling-opposition-government emergency economic council to ensure the successful implementation of key economic policies through dialogue and cooperation. Lastly, he stressed the importance of continued development in the Korea-U.S. relationship as close economic and financial partners.

Secretary Yellen expressed her gratitude to DPM Choi for the close communication. She reaffirmed the strong Korea-U.S. alliance, built on shared democratic values, and expressed her hope for sustained partnership between the two nations going forward.

The Ministry of Economy and Finance plans to carry on communication with the finance ministries of major countries.

Please refer to the attached files.