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.
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China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at ...
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's dis...
Hong Kong on Saturday mourned the 128 people known to have died in a massive fire at a high-rise apartment complex, a toll that is likely to rise with...
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the Unite...
U.S. President Donald Trump said on Saturday that the airspace above and surrounding Venezuela should be considered "closed in its entirety", but gave no further details.
At least 153 people have been killed in Sri Lanka after landslides and flooding caused by Cyclone Ditwah, officials said on Saturday, with 191 others missing and more than half a million affected nationwide.
China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at least 128 people dead.
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's disaster mitigation agency said on Saturday, up from a previous figure of 174.
At least 47 people have died and another 21 are reported missing following ten days of heavy rainfall, floods, and landslides across Sri Lanka, local media reported on Thursday (27 November).
Hong Kong fire authorities said they expected to wrap up search and rescue operations on Friday after the city's worst fire in nearly 80 years tore through a massive apartment complex, killing at least 128 people, injuring 79 and leaving around 200 still missing.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
At least 153 people have been killed in Sri Lanka after landslides and flooding caused by Cyclone Ditwah, officials said on Saturday, with 191 others missing and more than half a million affected nationwide.
The Spanish agricultural sector has been placed on high alert following the confirmation that African Swine Fever (ASF) has resurfaced in the country for the first time in over thirty years.
U.S. President Donald Trump said on Saturday that the airspace above and surrounding Venezuela should be considered "closed in its entirety", but gave no further details.
China announced a sweeping inspection of fire-safety standards in high-rise buildings nationwide on Saturday after a deadly fire in Hong Kong left at least 128 people dead.
The death toll from floods and landslides following cyclonic rains in the Indonesian island of Sumatra has risen to 303, the head of the country's disaster mitigation agency said on Saturday, up from a previous figure of 174.
Hong Kong on Saturday mourned the 128 people known to have died in a massive fire at a high-rise apartment complex, a toll that is likely to rise with 150 still missing days after the disaster.
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
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