Seoul: South Korea and Japan held a vice ministerial-level meeting of finance officials in Seoul to discuss global financial issues, Seoul's finance ministry said. Choi Ji-young, deputy minister for international affairs at the Ministry of Economy and Finance, met with his Japanese counterpart, Atsushi Mimura, at the government complex in Seoul to discuss key issues concerning the world economy and global financial markets.
According to Yonhap News Agency, the two sides exchanged views on pending matters being discussed on multilateral platforms, such as the Asia-Pacific Economic Cooperation (APEC), the Group of Twenty (G20), and the Association of Southeast Asian Nations (ASEAN). The discussions aimed to enhance cooperation and understanding on a range of financial topics affecting both countries and the broader international community.
The ministry stated that they also held consultations in preparation for the 10th Korea-Japan finance ministers' meeting to be held in Tokyo. This upcoming meeting is expected to further solidify the collaborative efforts between the two nations in addressing financial challenges and promoting economic stability.
"Financial authorities of the two nations will continue cooperation not only in the senior official level but also on the working level," the ministry said. This commitment indicates a sustained effort to strengthen bilateral ties and coordinate on financial strategies that benefit both nations.