Business · Economy · 2 hrs ago
South Korea and US Hold First Joint Finance and Monetary Policy Meeting
Officials from South Korea and the United States met in Thailand on October 16.
The meeting brought together South Korea’s finance minister and central bank governor with the US Federal Reserve chair and a deputy Treasury secretary.
It was the first meeting of this kind between the two countries’ finance and monetary authorities.
The officials agreed to build a framework for close coordination during external financial shocks.
Their aim is to respond quickly and effectively if such a shock occurs.
The meeting took place while South Korea’s finance minister was in Thailand for a gathering of G7 finance ministers and central bank governors.
South Korea and the United States held their first joint meeting of finance and monetary authorities on October 16.
The meeting took place in Thailand, where South Korean officials were attending a Group of Seven finance ministers and central bank governors meeting.
Participants included South Korean officials Lee Hyung-il and Shin Hyun-song and US officials Kevin Warsh and Francis Brooke.
South Korea’s finance ministry said the meeting established a framework for cooperation to respond quickly and effectively to external financial shocks.
- Who
- South Korean and US finance and monetary authorities, including Lee Hyung-il, Shin Hyun-song, Kevin Warsh and Francis Brooke.
- What
- They held their first joint “2+2” meeting.
- When
- October 16. The article was published on October 17, 2026.
- Where
- Thailand.
- Why
- South Korea’s finance ministry said the meeting aimed to establish cooperation to respond quickly and effectively to external financial shocks.
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- Meeting
- First joint “2+2” meeting between South Korean and US finance and monetary authorities
- Date
- October 16, 2026
- Location
- Thailand
- South Korean participants
- Lee Hyung-il and Shin Hyun-song
- US participants
- Kevin Warsh and Francis Brooke
What people are saying
established a cooperation framework through close coordination between finance and monetary authorities to respond quickly and effectively when external financial shocks occur