Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Kia EV9 GT marks world debut at LA Motor Show
-
9
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
10
S. Korea not to attend Sado mine memorial: foreign ministry
Korea's finance minister talks with head of Citigroup
By a2016032Published : April 25, 2017 - 09:48
South Korea's finance minister held talks with the head of global investment bank Citigroup Inc. on Monday (local time) to share his views on global recovery trends and its impact on Asia's fourth-largest economy.
At the meeting with Citigroup CEO Michael Corbat in New York, Finance Minister Yoo Il-ho said the South Korean economy has managed to pull off modest growth led by brisk exports which posted the fifth straight month of gains since November on the back of increased global demand.
The upturn in exports seems to be bringing about recovery in the real economy such as production and investment, he said.
The top economic policymaker said Seoul will make all-out efforts to keep uncertainties such as a possible trade row between the United States and China and geopolitical issues over North Korea from impacting the overall South Korean economy.
Citigroup's Corbat said South Korea has good financial strengths and solid economic fundamentals to deal with future external and internal risks.
Yoo has been on a week-long US trip attending the Group of 20 Finance Ministers and Central Bank Governors meeting in Washington. (Yonhap)
