Acting President Choi Sang-mok, who is also the Minister of Strategy and Finance, and new U.S. Treasury Secretary Scott Betts held a video conference on the morning of the 28th and discussed cooperation between the two countries in economy, trade, security, and foreign exchange markets.
According to the Ministry of Strategy and Finance, Acting President Choi conducted the video conference with Secretary Betts at 8:15 a.m. (Korea Standard Time) at the Government Seoul Complex. Choi emphasized that the South Korean economy is demonstrating strong resilience, with the volatility in financial and foreign exchange markets rapidly easing, based on a solid economic system and stable government operations.
He further explained that on the 6th, Fitch maintained the country's credit rating, and the international community is also highly recognizing the prompt response of the Korean economy and government to stabilize the economic situation.
Acting President Choi and Secretary Betts broadly exchanged views on recent issues between the two countries, including tariff measures from the Trump administration, South Korea's investment plans in the U.S., and exchange rate policies.
Acting President Choi specifically requested that the U.S. consider South Korea's contributions to the U.S. economy in the policy-making process regarding mutual tariffs. He also emphasized the importance of close South Korea-U.S. cooperation on economic and security issues in the Indo-Pacific region and globally, along with the necessity for trilateral cooperation among South Korea, the U.S., and Japan.
A government official said, 'We will continue to closely communicate with the Trump administration in the U.S. and strengthen our cooperation with the U.S., including the South Korea-U.S. alliance.'