Korea and the United States held their first "two-plus-two" meeting of finance and monetary policymakers on the sidelines of a Group of 20 (G20) ministerial gathering to strengthen coordination in responding to external uncertainties, the finance ministry said Friday. Finance Minister Lee Hyoung-il and Bank of Korea (BOK) Gov. Shin Hyun-song met with U.S. Federal Reserve Chair Kevin Warsh and U.S. Deputy Treasury Secretary Francis Brooke in Bangkok, where the G20 finance ministers' meeting was taking place, according to the Ministry of Finance and Economy. The participants exchanged views on recent economic developments and ways to enhance bilateral economic and financial cooperation. Lee said the meeting was meaningful as it marked the first time the two countries had brought together senior officials from both their respective finance and monetary authorities. U.S. Treasury Secretary Scott Bessent did not attend the Bangkok event. An official from the finance ministry said the meeting aimed to enhance coordination between the two countries' finance and monetary authorities. "The meeting
Read full articleNorth Korea on Friday reported the opening of a new cross-border bridge linking its border city of Sinuiju with China's Dandong, highlighting its potential to strengthen economic ties between the two countries. The ribbon-cutting ceremony for the North Korea-China Amnok River Bridge was held the previous day, with senior officials from both countries attending, according to the North's Korean Central News Agency (KCNA). "The bridge is the creation reflecting the invincible vitality and development of the DPRK-China friendship, which has preserved its nature despite the trials of history," the KCNA said, adding that the bridge would "enable the two countries to boost bilateral economic relations." DPRK stands for North Korea's official name, the Democratic People's Republic of Korea, China's Xinhua News Agency earlier reported the official opening of the bridge across the Amnok River, known as the Yalu River in China. North Korean Premier Pak Thae-song and Chinese Premier Li Qiang delivered congratulatory speeches via video link, while Ri Ryong-nam, North Korea's ambassador to China, and W
The Defense Attaché Office of the Embassy of Egypt in Seoul hosted a reception on Thursday at its residence in Seongbuk District, Seoul, to mark the 53rd anniversary of Egypt’s Armed Forces Day. The reception was attended by more than 100 guests, including Rear Adm. Kim Kyung-cheol, commander of the Republic of Korea Navy Logistics Command, ambassadors and defense attachés from countries including the United States, Japan, Poland, the UAE and Iraq, as well as Korean defense officials, military personnel, defense industry representatives and members of the Egyptian community in Korea. Egypt commemorates Armed Forces Day on Oct. 6, marking its military operations against Israeli forces during the 1973 Arab-Israeli War. In recognition of efforts to strengthen defense cooperation between Korea and Egypt, Commodore Ahmed Elhadidi, Egypt’s defense attaché to Korea, presented a plaque of appreciation to Rear Adm. Kim during the event. “Objectives achieved in support of our mutual interests over the recent period underscore the importance of continued military cooperation and the exchan
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