Deputy Prime Minister and Minister of Economy and Finance Choi Sang Mok on the morning of Oct. 16 speaks at a meeting of economy-related ministers at Government Complex-Seoul in the capital's Jongno-gu District. (Ministry of Economy and Finance)

By Park Hye Ri

Deputy Prime Minister and Minister of Economy and Finance Choi Sang Mok will host in New York his first investor relations session on the Korean economy since taking office to conduct "Korea sales diplomacy" there.

The Ministry of Economy and Finance on Oct. 20 said he began a seven-day overseas trip to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting in Lima, Peru, and the Group of 20 (G20) Finance Ministers and Central Bank Governors Meeting in Washington.

First, Minister Choi from Oct. 20-21 in Lima will attend the APEC meeting to discuss regional and global economic conditions, sustainable finance and digital transformation.

In October next year, Korea will host the APEC meeting in Incheon for the first time in 20 years. In Lima this week, Minister Choi will officially assume the chairmanship of next year's event and present the related visions and agenda.

He will fly to New York on Oct. 22 to host an investor relations session to promote the nation's sound economic fundamentals and policy direction focusing on dynamism. He will also respond to investor interest and concerns over the Korean economy.

From Oct. 23-24, the minister will visit Washington to attend the G20 meeting. As co-chair of the G20's International Financial Architecture System Working Group, he will urge reform of multilateral development banks and offer suggestions like on restoring growth potential to boost the capacity to respond to global crises. 

On the final day of his trip on Oct. 25, Minister Choi will attend a meeting of the World Bank Group's Development Committee to suggest that the bank support low- and middle-income countries and encourage private investment in developing economies. He will also hold his fourth talks this year with World Bank President Ajay Banga on bilateral cooperation.

On the same day, Minister Choi and Marie Diron, managing director of global sovereign and sub-sovereign risk at the global credit ratings agency Moody's, will discuss key economic policy directions and request that international organizations and investors continue to strongly trust the Korean economy.

hrhr@korea.kr