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.
Speaking at a joint press conference in Brussels with Ukrainian President Volodymyr Zelenskyy, von der Leyen outlined Europe’s position ahead of Mon...
The Bermuda Triangle, known for mysterious disappearances, has long sparked intrigue. But is it really a place of danger, or just a myth? In this expl...
Wildfires raging across Spain have scorched more than 115,000 hectares (about 284,000 acres), killed at least three people and forced thousands to eva...
Top European leaders will travel to Washington on Monday to join U.S. President Donald Trump and Ukraine’s Volodymyr Zelenskyy in critical talks aim...
France, Germany and Britain will meet on Sunday to help shape Ukraine’s position before President Zelenskyy holds high-stakes talks with Donald Trum...
Speaking at a joint press conference in Brussels with Ukrainian President Volodymyr Zelenskyy, von der Leyen outlined Europe’s position ahead of Monday’s summit at The White House, where EU leaders will join U.S. President Donald Trump and Zelenskyy to discuss the path to a possible peace agreement.
The Bermuda Triangle, known for mysterious disappearances, has long sparked intrigue. But is it really a place of danger, or just a myth? In this explainer, we uncover the truth behind the legend.
Wildfires raging across Spain have scorched more than 115,000 hectares (about 284,000 acres), killed at least three people and forced thousands to evacuate, as emergency teams struggle to contain dozens of blazes.
Top European leaders will travel to Washington on Monday to join U.S. President Donald Trump and Ukraine’s Volodymyr Zelenskyy in critical talks aimed at ending the war with Russia.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A deadly heatwave has claimed 1,180 lives in Spain since May, with elderly people most at risk, prompting calls for urgent social support.
Media accreditation is now open for COP30, the United Nations Climate Change Conference, set to take place in Belém, Brazil in 2025.
Speaking at a joint press conference in Brussels with Ukrainian President Volodymyr Zelenskyy, von der Leyen outlined Europe’s position ahead of Monday’s summit at The White House, where EU leaders will join U.S. President Donald Trump and Zelenskyy to discuss the path to a possible peace agreement.
The Bermuda Triangle, known for mysterious disappearances, has long sparked intrigue. But is it really a place of danger, or just a myth? In this explainer, we uncover the truth behind the legend.
Wildfires raging across Spain have scorched more than 115,000 hectares (about 284,000 acres), killed at least three people and forced thousands to evacuate, as emergency teams struggle to contain dozens of blazes.
Top European leaders will travel to Washington on Monday to join U.S. President Donald Trump and Ukraine’s Volodymyr Zelenskyy in critical talks aimed at ending the war with Russia.
France, Germany and Britain will meet on Sunday to help shape Ukraine’s position before President Zelenskyy holds high-stakes talks with Donald Trump in Washington.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment