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Deputy Prime Minister for Economy Choi Sang-mok is also in contact with finance ministers of major countries to prevent a decline in foreign credibility.
Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok explained Korea's economic situation through a video interview yesterday with Japanese Finance Minister Katsunobu Kato, following the U.S. Treasury Secretary.
"Despite political uncertainty, a stable public order is maintained," Deputy Prime Minister Choi said. "There is nothing to worry about the safety and normal economic activities of foreigners and businesses, including Japanese staying in Korea."
In addition, he said that the impact of non-economic factors such as politics on our economy is temporary and limited, adding that he will closely monitor economic and financial trends and respond quickly if necessary.
In particular, major tasks such as opening up the foreign exchange market, value-up programs, and incorporation into the global government bond index will be carried out consistently without any problems, he said, stressing the need for cooperation from the Korea-Japan financial authorities.
In response, Kato thanked the South Korean government for its explanation, stressing that the two countries are important neighbors who must work together on a number of international issues, the ministry said.
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Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok explained Korea's economic situation through a video interview yesterday with Japanese Finance Minister Katsunobu Kato, following the U.S. Treasury Secretary.
"Despite political uncertainty, a stable public order is maintained," Deputy Prime Minister Choi said. "There is nothing to worry about the safety and normal economic activities of foreigners and businesses, including Japanese staying in Korea."
In addition, he said that the impact of non-economic factors such as politics on our economy is temporary and limited, adding that he will closely monitor economic and financial trends and respond quickly if necessary.
In particular, major tasks such as opening up the foreign exchange market, value-up programs, and incorporation into the global government bond index will be carried out consistently without any problems, he said, stressing the need for cooperation from the Korea-Japan financial authorities.
In response, Kato thanked the South Korean government for its explanation, stressing that the two countries are important neighbors who must work together on a number of international issues, the ministry said.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
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