South Korea's Finance Minister Choi Sang-mok will head to Washington next week for a pivotal meeting with U.S. Treasury Secretary Scott Bessent, Seoul's finance ministry confirmed on Wednesday.
The visit, arranged at the suggestion of Bessent, will take place during the spring meetings of the International Monetary Fund and World Bank. Choi is also scheduled to attend a gathering of G20 finance ministers.
The talks come as South Korea aims to soften the blow from President Donald Trump's sweeping tariff programme. Though the 25% reciprocal tariff on South Korean goods has been paused for now, Seoul is pushing for a more permanent resolution. Acting President Han Duck-soo has prioritised engaging with senior Trump officials to minimise disruption to South Korea's export-driven economy.
Choi said on Tuesday the initial goal is to delay implementation of the tariffs while longer-term solutions are negotiated. Bessent recently said allies like South Korea could benefit from a "first mover advantage" by reaching an agreement in principle soon.
White House Press Secretary Karoline Leavitt added that the administration is reviewing more than 15 proposals and hinted that some deals may be finalised shortly.
The U.S. Treasury Department encouraged Choi to use the G20 sidelines to engage directly with Bessent, as both sides weigh options to shield businesses from the fallout of the new trade regime.
Greek authorities have arrested a member of the armed forces on suspicion of leaking highly sensitive military information to foreign handlers alleged...
Norwegian prosecutors have launched a corruption investigation into former prime minister Thorbjørn Jagland after newly released documents linked to ...
Russian troops in Ukraine have lost access to Starlink internet terminals after Kyiv and SpaceX moved to block unauthorised Russian use, a disruption ...
Mexican federal officers detained Mayor Diego Rivera on Thursday during coordinated raids that also led to the arrest of the municipality’s security...
Greek authorities have arrested a member of the armed forces on suspicion of leaking highly sensitive military information to foreign handlers allegedly linked to China.
Norwegian prosecutors have launched a corruption investigation into former prime minister Thorbjørn Jagland after newly released documents linked to Jeffrey Epstein allegedly showed possible benefit transfers during Jagland’s time in senior international roles.
U.S. President Donald Trump says he will not support extending the New START nuclear arms control treaty and wants a new, “improved and modernised” agreement, even as Russia expresses regret over the pact’s expiration and warns of the dangers of an unconstrained nuclear arms race.
Alphabet is emerging as a frontrunner in the global artificial intelligence race, as analysts and executives say Google has overtaken OpenAI, marking a sharp reversal from a year ago when the company was widely seen as lagging.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Iran’s Islamic Revolutionary Guard Corps (IRGC) unveiled a new underground ballistic missile base on Wednesday (4 February), just over a day before the start of mediated nuclear negotiations with the United States, slated for Friday in Oman.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
A second group of Palestinians receiving medical treatment arrived in Egypt from Gaza via the Rafah border crossing on Tuesday (3 February).
The World Health Organization has added the Nipah virus to its list of the world’s top 10 priority diseases, alongside COVID-19 and the Zika virus, warning that its epidemic potential highlights the global risk posed by fast-spreading outbreaks.
The U.S. and China are locked in a growing struggle over critical minerals, the materials that power everything from electric vehicles and microchips to missiles and advanced radar systems, as both sides move to secure control over supply chains that underpin economic and military power.
Greek authorities have arrested a member of the armed forces on suspicion of leaking highly sensitive military information to foreign handlers allegedly linked to China.
Norwegian prosecutors have launched a corruption investigation into former prime minister Thorbjørn Jagland after newly released documents linked to Jeffrey Epstein allegedly showed possible benefit transfers during Jagland’s time in senior international roles.
Russian troops in Ukraine have lost access to Starlink internet terminals after Kyiv and SpaceX moved to block unauthorised Russian use, a disruption Ukrainian officials described as a major blow to Moscow’s battlefield operations.
Mexican federal officers detained Mayor Diego Rivera on Thursday during coordinated raids that also led to the arrest of the municipality’s security director and the heads of public works and the land registry.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment