Deputy Prime Minister and Minister of Strategy and Finance Choi Sang-mok explained the economic situation in South Korea through a video interview with Japanese Finance Minister Katsunobu Kato today, following the U.S. Treasury Secretary.
"Despite political uncertainty, a stable public order is maintained," Deputy Prime Minister Choi said. "There is nothing to worry about the safety and normal economic activities of foreigners and businesses, including Japanese staying in Korea."
In addition, he said that the impact of non-economic factors such as politics on our economy is temporary and limited, adding that he will closely monitor economic and financial trends and respond quickly if necessary.
In particular, major tasks such as opening up the foreign exchange market, value-up programs, and incorporation into the global government bond index will be carried out consistently without any problems, he said, stressing the need for cooperation from the Korea-Japan financial authorities.
In response, Kato thanked the South Korean government for its explanation, stressing that the two countries are important neighbors who must work together on a number of international issues, the ministry said.
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