South Korea, US finance chiefs discuss tariffs, investment, FX, says Seoul

Published 02/27/2025, 09:20 PM
Updated 02/27/2025, 09:30 PM
© Reuters. FILE PHOTO: Korean Finance Minister Choi Sang-mok speaks during a meeting, at the U.S. Treasury in Washington, U.S., April 17, 2024.  REUTERS/Kevin Lamarque/File Photo

SEOUL (Reuters) - South Korea's acting President and Finance Minister Choi Sang-mok and U.S. 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 U.S. economy in Washington's policymaking, the ministry said in a statement, amid growing concerns in Seoul about U.S. President Donald Trump's push for sweeping tariffs.

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 U.S. reciprocal, steel and aluminium tariffs during a visit to Washington.

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