The Korea-Japan finance ministers' meeting will be held on Mar. 14 in Tokyo.
Koo Yun-cheol Deputy Prime Minister and Minister of Economy and Finance attended the "critical minerals finance ministers' meeting" in Washington, D.C., on the 12th (local time), held a bilateral meeting with Japan Finance Minister Katayama Satsuki, and agreed to hold the "10th Korea-Japan finance ministers' meeting."
The meeting is a venue to discuss international cooperation plans to stabilize critical mineral supply chains, with the Group of Seven (G7) as well as Korea, Australia, India, Mexico and the European Union (EU) invited.
Deputy Prime Minister Koo asked for strong interest from Japanese investors regarding Korea's inclusion in the World Government Bond Index (WGBI) in April. Finance Minister Katayama promised active cooperation.
The finance ministries of Korea and Japan agreed to further strengthen bilateral cooperation for the economic development of both countries. They also agreed to continue coordinating on multilateral stages such as the Group of 20 (G20) and the ASEAN+3 finance ministers' meeting.
Deputy Prime Minister Koo also met with U.K. Finance Minister Rachel Reeves that day and shared the view that international cooperation is important for stabilizing global supply chains. They agreed to strengthen cooperation in areas such as critical mineral recycling.
The two countries' finance ministers welcomed the conclusion of the negotiations to upgrade the Korea-U.K. free trade agreement (FTA) and discussed ways to promote economic cooperation between the two countries going forward.