Photo : Finance Ministry / Yonhap
Amid rising economic volatility stemming from the war in the Middle East, South Korea and Japan have agreed to strengthen policy coordination.
The Ministry of Finance and Economy said Saturday that Finance Minister Koo Yun‑cheol met with his Japanese counterpart, Satsuki Katayama, at the Finance Ministry building in Tokyo.
According to the ministry, the two sides exchanged views on global and regional economic conditions and discussed ways to deepen bilateral and multilateral cooperation.
The finance chiefs assessed that the global economy continues to show solid growth but faces a range of risks, including geopolitical tensions.
They also discussed the situation in the Middle East and recent financial‑market volatility, agreeing on the need for close cooperation to ensure stable energy supplies and expand investment in artificial intelligence.
The ministers expressed concern over sharp declines in the Korean won and Japanese yen and agreed to closely monitor foreign‑exchange markets while working together to diversify supply chains for critical minerals.