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Lee Raises Need for Korea-US Currency Swap in Meeting With Bessent

Published: · Source: mk.co.kr

Lee Raises Need for Korea-US Currency Swap in Meeting With Bessent
TL;DR: President Lee Jae-myung met US Treasury Secretary Scott Bessent at the Blue House on the 13th and raised the need for a Korea-US currency swap deal.
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President Lee Jae-myung met US Treasury Secretary Scott Bessent at the Blue House on the 13th and mentioned the need to conclude a Korea-US currency swap. The meeting came as the first US-bound investment announcement could come as early as next month. A currency swap is a key financial cooperation agenda item related to the foreign exchange market and has emerged as part of broader economic and financial talks between the two countries. The original report did not confirm the timing or scale of any agreement. Attention is now on how the discussion may continue alongside the planned US investment announcement. Source: mk.co.kr

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