Tag: lee hyoung-il

lee hyoung-il

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Korea, U.S. finance chiefs reaffirm bilateral economic cooperation

Finance Minister Lee Hyoung-il and U.S. Treasury Secretary Scott Bessent discussed shared priorities and stronger economic cooperation in their first call.

2026.10.14

Finance minister stresses need to address supply chain stability

To that end, Finance Minister Lee Hyoung-il said that the government will expand the list of strategically important items; replace its current classification system; and build stockpiles of strategic items and diversify import sources.

2026.10.12

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Finance minister nominee makes price stability top priority as inflation rises to 3.1%

First Vice Finance Minister Lee Hyoung-il said the ministry will roll out additional measures to complete the government's "top mission."

2026.9.2

Finance minister nominee vows to tame inflation, maintain economic momentum

Lee Hyoung-il pledged to curb consumer prices while advancing Korea's semiconductor, physical AI and data center investment plans.

2026.9.2

Finance minister calls off departure for G20 meeting after successor is named, then reverses course

The reasoning appears to be that the international schedule should continue as scheduled, with Koo Yun-cheol attending as the sitting deputy prime minister until his successor is sworn in.

2026.8.30

First Vice Finance Minister Lee Hyoung-il speaks during a meeting at the government complex in Jongno District, central Seoul, on Feb. 23. [NEWS1]

Finance Ministry discusses tariffs' restricted influence on financial markets

Korea's top financial authorities said Monday the U.S. Supreme Court's decision on tariffs had only a "limited" impact on global financial markets, noting that sector-specific duties on automobiles and steel remain in place.

2026.2.23