Koo Yun-cheol, nominee for South Korea's concern minister, speaks during a confirmation proceeding astatine the National Assembly successful Seoul, South Korea, connected Thursday, July 17, 2025.
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South Korea's new finance minister and the country's top trade envoy will conscionable with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said connected Tuesday.
The country's overseas and industry ministers volition besides sojourn the U.S. for trade discussions arsenic aboriginal arsenic this week, Koo told reporters aft a gathering of economic ministers.
Koo took bureau connected Monday.
The 4 officials implicit a caller squad nether President Lee Jae Myung who was sworn successful connected June 4 aft winning a drawback predetermination called aft his predecessor's ouster for trying to state martial law.
The governmental turmoil that ensued delayed South Korea's effect to U.S. President Donald Trump's punishing tariff authorities imposed connected dozens of trade partners, including cardinal concern powerhouses that are besides information allies.
Koo and Minister for Trade Yeo Han-koo will hold talks with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer connected Friday astatine the petition of the U.S. officials, the finance minister said.
"We've had discussions from the position of nationalist involvement and pragmatism and we'll bash our champion to hole a meticulous strategy until we're leaving," Koo said, declining to reply whether Seoul was hoping to propulsion backmost the August 1 deadline earlier reciprocal tariffs acceptable by Trump are owed to travel in.
On Monday, South Korea's caller Industry Minister Kim Jung-kwan said tariff talks with the United States were successful a captious signifier that could effect successful a scope of imaginable outcomes and pledged an all-out effort to wrapper up negotiations by August 1.
Trump has vowed to slap tariffs connected a scope of countries including South Korea to trim what helium called unfair trade imbalances.
On Saturday, Japan's apical tariff negotiator, Ryosei Akazawa, said helium planned to sojourn Washington this week to hold further ministerial-level talks, arsenic Tokyo hopes to clinch a woody by its August 1 deadline.
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