U.S. Treasury Secretary Janet Yellen held a virtual meeting with South Korean Finance Minister Choi Sang-mok on Tuesday to address the political turmoil unfolding in South Korea. The discussion centered on the political crisis following President Yoon Suk Yeol’s controversial attempt to impose martial law last week.
According to a statement from the U.S. Treasury Department, Yellen expressed her appreciation for the ongoing communication between South Korea’s Ministry of Economy and Finance and the U.S. Treasury Department amid the crisis. The statement also highlighted the strong and enduring relationship between the two countries, built on shared democratic values.
During the conversation, Yellen reaffirmed her hope for continued collaboration between the U.S. and South Korea. The two officials also touched on key macroeconomic and financial developments affecting both nations.
The meeting comes at a time when political unrest in South Korea has raised concerns over its potential impact on the country’s economy and governance. The dialogue between Yellen and Choi underscores the importance of bilateral coordination during times of instability, particularly given the close economic ties between the U.S. and South Korea.
The Treasury Department’s statement did not provide further details on the specifics of the financial discussions between Yellen and Choi. However, it emphasized the commitment to maintaining strong ties and addressing global economic challenges together.
Related Topics:
How Does the Stock Market Work
