Bangkok:South Korea and the United States conducted their first "two-plus-two" meeting involving finance and monetary policymakers during the Group of 20 (G20) ministerial gathering. The meeting aimed to enhance coordination in addressing external uncertainties, as reported by the Finance Ministry.

According to Yonhap News Agency, South Korea's Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song met in Bangkok with U.S. Federal Reserve Chair Kevin Warsh and U.S. Deputy Treasury Secretary Francis Brooke. The discussions focused on recent economic developments and strategies to boost bilateral economic and financial cooperation.

Minister Lee highlighted the significance of the gathering, noting it was the first occasion where senior officials from both countries' finance and monetary authorities convened in this format. The meeting sought to establish a framework for prompt and effective collaboration to tackle external financial uncertainties.

An official from the finance ministry emphasized that the goal was to improve the policy mix between the two nations' financial and monetary policies. The meeting also served as a platform to discuss strengthening the cooperation framework for managing economic challenges.

U.S. Treasury Secretary Scott Bessent was absent from the Bangkok event. However, Erin Browne, under secretary for international affairs at the U.S. Treasury, attended and mentioned that the parties deliberated on ways to reinforce U.S.-Korea economic and financial cooperation. She shared this information on social media, highlighting the discussions on economic and financial conditions in both countries.