U.S. Treasury Secretary Janet L. Yellen spoke today with Deputy Prime Minister and Minister of Economy and Finance Namki Hong of the Republic of Korea. Secretary Yellen reaffirmed the importance of the U.S.-Korea alliance, and emphasized her readiness to deepen economic and financial cooperation between the U.S. and Korea. The Secretary conveyed her strong intention to work with Korea, both bilaterally and multilaterally, on regional and global challenges including the economic response to the COVID-19 pandemic and climate change.