South Korea, US finance chiefs discuss tariffs, investment, FX, says Seoul
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Acting South Korean President Choi Sang-mok (centre) has asked US Treasury Secretary Scott Bessent to pay attention to South Korea’s contributions to the US economy in Washington’s policy-making.
PHOTO: EPA-EFE
SEOUL - South Korea’s Acting President and Finance Minister Choi Sang-mok and US Treasury Secretary Scott Bessent discussed tariffs, investment and forex policy in a video call, South Korea’s Finance Ministry said on Feb 28.
Mr Choi asked Mr Bessent to pay attention to South Korea’s contributions to the US economy in Washington’s policy-making, the ministry said in a statement, amid growing concerns in Seoul about US President Donald Trump’s push for sweeping tariffs.
South Korea is a major global exporter and top trading partner with the US. Last week, a delegation of South Korean officials requested an exemption from US reciprocal, steel and aluminium tariffs during a visit to Washington. REUTERS
