President Lee Jae Myung raised the need for a bilateral currency swap arrangement with the United States during his meeting with Treasury Secretary Scott Bessent at the Blue House on Wednesday.
President Lee Jae Myung met separately with U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Seoul on Wednesday, underscoring Korea’s efforts to deepen cooperation with both powers.
U.S. Treasury Secretary Scott Bessent arrived in Korea on Wednesday for talks with a Chinese official ahead of a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing.
President Lee Jae Myung will meet U.S. Treasury Secretary Scott Bessent in Seoul this week, Lee's office said Tuesday, with the two expected to discuss U.S. tariffs among other issues.
U.S. Treasury Secretary Scott Bessent will fly into Seoul on Wednesday for a one-day stop to meet Chinese Vice Premier He Lifeng — but not, so far, anyone from the Korean government.
U.S. Treasury Secretary Scott Bessent plans to visit Korea before heading to China for a U.S.-China summit, his social media post showed on Monday.
U.S. Treasury Secretary Scott Bessent is expected to visit Korea next week for talks with senior officials in Seoul, sources said Saturday.
Finance Minister Koo Yun-cheol and U.S. Treasury Secretary Scott Bessent agreed to continue consultations on foreign exchange market developments as the won remains persistently weak against the dollar.
Top U.S. and Chinese economic officials wrapped up the first of two days of talks in Paris on Sunday to iron out kinks in their trade truce and clear a path for U.S. President Donald Trump's trip to Beijing to meet with Chinese President Xi Jinping.
U.S. Treasury Secretary Scott Bessent said Wednesday that a new U.S. global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working on replacing his emergency tariffs.
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