S. Korea, U.S. Hold First 2+2 Meeting of Finance Policymakers
South Korea and the U.S. convened their inaugural 2+2 meeting of finance and monetary policymakers to enhance economic cooperation.
South Korea and the U.S. convened their inaugural 2+2 meeting of finance and monetary policymakers to enhance economic cooperation.
On October 16, 2026, South Korea and the United States conducted their first 'two-plus-two' meeting of finance and monetary policymakers in Bangkok, coinciding with the G20 ministerial gathering. The meeting aimed to strengthen coordination in addressing external economic uncertainties.
Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song represented South Korea, while U.S. Federal Reserve Chair Kevin Warsh and Deputy Treasury Secretary Francis Brooke attended on behalf of the U.S. The discussions focused on recent economic developments and methods to bolster bilateral economic and financial cooperation.
Minister Lee emphasized the significance of the meeting as it marked a historic collaboration between senior officials from both nations' finance and monetary authorities. An official from the finance ministry noted that this initiative aims to enhance the policy alignment between the two countries.
This meeting is particularly important as it establishes a framework for cooperation to effectively address external financial challenges through close coordination. Lee's participation in this meeting is part of his first overseas trip as finance minister since taking office last month, highlighting the importance of international collaboration in finance.
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