Bessent and Koo Push U.S.-Korea Economic Partnership on Trade Deal and FX Stability
TL;DR Summary
U.S. Treasury Secretary Scott Bessent and South Korea’s Deputy Prime Minister Koo Yun Cheol discussed the upcoming critical minerals ministerial meeting, recent won depreciation and FX volatility, and the Korea Strategic Trade and Investment Deal, underscoring a strengthened U.S.–Korea economic partnership and confidence in Korea’s fundamentals.
Topics:business#critical-minerals-ministerial-meeting#foreign-exchange-volatility#korea-strategic-trade-and-investment-deal#korean-won-depreciation#us-korea-relations#world
- Readout from Secretary Bessent’s meeting with Deputy Prime Minister and Minister of Economy and Finance Koo Yun Cheol, South Korea U.S. Department of the Treasury (.gov)
- South Korea Is Right to Worry About a Weakening Won Bloomberg.com
- Bessent says Korean won's depreciation not in line with fundamentals Reuters
- Scott Bessent warns Korean currency weakness ‘not in line’ with economy Financial Times
- Ministry Weighs Macroprudential Steps as Won Weakens 조선일보
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