Published: 12:43, February 28, 2025
S. Korea, US finance chiefs discuss tariffs, investment, FX, says Seoul
By Reuters

SEOUL - South Korea's acting President and Finance Minister Choi Sang-mok and US Treasury Secretary Scott Bessent discussed tariffs, investment and forex policy in a video call, South Korea's finance ministry said on Friday.

Choi asked Bessent to pay attention to South Korea's contributions to the US economy in Washington's policymaking, the ministry said in a statement, amid growing concerns in Seoul about US President Donald Trump's push for sweeping tariffs.

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South Korea is a major global exporter and top trading partner with the United States. Last week, a delegation of South Korean officials requested an exemption from US reciprocal, steel and aluminium tariffs during a visit to Washington.