Vice Prime Minister and Minister of Economy and Finance Koo Yoon-cheol is speaking at the press room of the Ministry of Economy and Finance located in Sejong City on the 21st. /Courtesy of Yonhap News Agency

On the 21st, Minister of Economy and Finance and Deputy Prime Minister Kyu Yu-cheol said he is coordinating a schedule for his visit to the United States to make progress on U.S.-Korea tariff negotiations. However, he noted that the specific schedule for the visit is still undecided. When asked about the possibility of visiting the U.S. this week, he shook his head, suggesting there are many variables.

After the inauguration ceremony on this day, Deputy Prime Minister Kyu visited the Ministry of Economy and Finance press room and, in response to a question about the "visit to the U.S. schedule," said, "We are in consultation with the United States," adding, "I want to go as soon as possible to explain the situation in Korea."

In response to a follow-up question about whether he would go within this week, he said, "We have to negotiate on that," and added, "I will do my best to go as soon as possible." When asked if it was acceptable to report that he would visit the U.S. this week, he shook his head without providing an answer.

When asked, "Will Minister Kim Jeong-gwan of the Ministry of Trade, Industry and Energy accompany you on the visit to the U.S.?" he replied, "That part also needs to be negotiated with the United States."

In response to the question about his "prioritized tasks as Deputy Prime Minister," he noted, "In the short term, we need to stabilize the cost of living due to flood damage," and added, "In the medium to long term, it may take time just to innovate. I will do my best to respond to tariffs as well."

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