South Korean Finance Minister Choi Sang-mok departed for Washington on Tuesday to lead high-level trade negotiations with U.S. officials.
The talks, scheduled for Thursday, will also include South Korea's Trade, Industry, and Energy Minister Ahn Duk-geun, who will be joining Choi in discussions with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.
Choi emphasized that the upcoming trade talks are crucial for revitalizing the South Korea-U.S. alliance. "I will return after opening the door for discussions on resolidifying the alliance between South Korea and the United States," he told reporters before his departure at Incheon International Airport.
In addition to the trade negotiations, Choi is expected to attend the Group of 20 (G20) meeting of finance ministers and central bank governors during his visit to the U.S.
The talks come amid ongoing concerns over the U.S. administration's imposition of a 25% across-the-board tariff on South Korean imports, which has been temporarily reduced to 10% for 90 days. South Korean acting President Han Duck-soo expressed hope that the talks will lead to mutually beneficial outcomes. "The upcoming meeting, which comes at the request of the U.S. side in consideration of the importance of the trade relationship with South Korea, is expected to open the door to win-win solutions based on candid dialogue and cooperation," Han said at a recent Cabinet meeting.
South Korea’s presidential candidates kicked off their campaigns on Monday, promising to heal a fractured nation, boost the economy, and navigate a trade dispute with the United States, ahead of the June 3 snap election triggered by the ousting of president Yoon Suk Yeol.
Uzbekistan and South Korea are deepening their collaboration on railway development as both countries advance plans for a high-speed passenger rail line connecting Tashkent and Samarkand.
Mongolia’s Mineral Resources and Petroleum Authority and the Korea Gas Safety Corporation signed a Memorandum of Understanding on April 29, 2025, to enhance cooperation on flammable gas safety.
South Korea’s Prime Minister and Acting President Han Duck-soo has resigned and announced his presidential bid, pledging to shorten his term to three years in order to pursue constitutional reform and apply his economic expertise to address the ongoing trade crisis.
South Korea has won a landmark $18.2 billion contract to build two nuclear reactors in the Czech Republic—its first overseas nuclear power project in 16 years—signaling a renewed push into Europe's growing energy market.
President Donald Trump signed a new executive order aimed at aligning U.S. drug prices with those of other countries by removing private-sector middlemen from the system. While the move caused a drop in stocks, it promises significant changes for the pharmaceutical industry.
The three major Wall Street indexes surged sharply after the announcement of a 90-day tariff reduction agreement between the U.S. and China. The S&P 500 reached its highest levels since early March, boosting investor optimism.
Russia's Foreign Ministry spokesperson, Maria Zakharova, has accused Western countries of demanding a 30-day ceasefire to give Ukraine’s military a chance to regroup. Zakharova's remarks highlight the growing tension surrounding the ongoing war and the international calls for temporary peace in orde
Ukrainian President Volodymyr Zelenskiy has declared his readiness for direct peace talks with Russia in Turkey, describing Moscow’s lack of response as a “strange silence.” He emphasized the importance of former U.S. President Donald Trump’s support for the initiative.
President Recep Tayyip Erdogan stated that Türkiye is resolutely moving toward the goal of completely eliminating the terror problem from the national agenda, marking a significant milestone on the "Terror-Free Türkiye" path.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
A Rafale fighter jet operated by the Indian Air Force has reportedly been shot down for the first time in combat, according to sources cited by CNN, marking a significant and symbolic development in the ongoing escalation between India and Pakistan.
Pope Leo XIV made a surprise visit to the Basilica of Our Lady of Good Counsel in Genazzano. AnewZ covered the event, with journalist Maria Rodriguez Abalde on-site. She witnessed the occasion firsthand and documented key moments. More images and footage will be available soon.
Syrian President Ahmad al-Sharaa has announced he will not attend the Arab League Summit in Baghdad this weekend, following controversy sparked by Iraq's invitation to the former rebel-turned-leader, whose return to Iraq, where he fought and was imprisoned, raised concerns.
The three major Wall Street indexes surged sharply after the announcement of a 90-day tariff reduction agreement between the U.S. and China. The S&P 500 reached its highest levels since early March, boosting investor optimism.
Russia's Foreign Ministry spokesperson, Maria Zakharova, has accused Western countries of demanding a 30-day ceasefire to give Ukraine’s military a chance to regroup. Zakharova's remarks highlight the growing tension surrounding the ongoing war and the international calls for temporary peace in orde
Ukrainian President Volodymyr Zelenskiy has declared his readiness for direct peace talks with Russia in Turkey, describing Moscow’s lack of response as a “strange silence.” He emphasized the importance of former U.S. President Donald Trump’s support for the initiative.
Latin American leaders deepened ties with China at the China-CELAC Forum in Beijing, highlighting growing economic and strategic cooperation as global power dynamics shift and China expands its influence in the Global South.
President Donald Trump signed a new executive order aimed at aligning U.S. drug prices with those of other countries by removing private-sector middlemen from the system. While the move caused a drop in stocks, it promises significant changes for the pharmaceutical industry.
The three major Wall Street indexes surged sharply after the announcement of a 90-day tariff reduction agreement between the U.S. and China. The S&P 500 reached its highest levels since early March, boosting investor optimism.
Russia's Foreign Ministry spokesperson, Maria Zakharova, has accused Western countries of demanding a 30-day ceasefire to give Ukraine’s military a chance to regroup. Zakharova's remarks highlight the growing tension surrounding the ongoing war and the international calls for temporary peace in orde
Ukrainian President Volodymyr Zelenskiy has declared his readiness for direct peace talks with Russia in Turkey, describing Moscow’s lack of response as a “strange silence.” He emphasized the importance of former U.S. President Donald Trump’s support for the initiative.
President Recep Tayyip Erdogan stated that Türkiye is resolutely moving toward the goal of completely eliminating the terror problem from the national agenda, marking a significant milestone on the "Terror-Free Türkiye" path.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment