READOUT: Secretary of the Treasury Scott Bessent’s Meeting with Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol of the Republic of Korea

WASHINGTON – On Friday, Secretary of the Treasury Scott Bessent met with Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol of the Republic of Korea. Secretary Bessent and Minister Koo shared updates on the U.S.-Korea Trade and Investment Agreement and steps taken toward its swift and faithful implementation. Secretary Bessent noted that he was pleased to see the U.S.-Korea critical minerals framework finalized, which will pave the way to deepen critical minerals collaboration between the United States and South Korea, enhance market-based principles, and address non-market policies and unfair trade practices. They also discussed South Korea’s efforts to be a global Artificial Intelligence hub, and how AI can further the G20’s focus on boosting productivity and economic growth.