South Korea and the United States hold their first “two-plus-two” meeting linking senior finance and monetary officials, taking place on the sidelines of a G20 ministerial gathering in Bangkok. South Korea’s Finance Minister Lee Hyoung-il and Bank of Korea Governor Shin Hyun-song meet with U.S. Federal Reserve Chair Kevin Warsh and U.S. Deputy Treasury Secretary Francis Brooke, where the group exchanges views on recent economic developments and ways to strengthen bilateral economic and financial cooperation.
South Korea’s finance ministry describes the meeting as the first time both countries bring together top officials from their finance and monetary authorities, aiming to improve coordination in responding to external uncertainties. One report notes that U.S. Treasury Secretary Scott Bessent does not attend the Bangkok event. Across outlets, the focus remains on coordination and expanding bilateral channels between finance ministries and central banks during the G20 finance ministers’ session.
