Categories: U.S. Treasury

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Republic of Korea President Yoon Suk Yeol

SEOUL — Today, Secretary Yellen met with Republic of Korea President Yoon Suk Yeol.  They affirmed the importance of the U.S.-Korea Alliance as essential for peace and prosperity in the Indo-Pacific region and beyond, and emphasized the close friendship between the two countries based on shared values and mutual respect.  Secretary Yellen and President Yoon discussed ongoing efforts to hold Russia accountable for its brutal and illegal war against Ukraine—including through a price cap on Russian oil to reduce the impact of Putin’s war on global energy prices while limiting revenue for Russia’s war machine.

Secretary Yellen and President Yoon also underscored the importance of bolstering supply chain resiliency to protect against costly disruptions that lead to higher prices and adversely impact American and Korean workers, consumers, and businesses.  The Secretary emphasized that the United States and the Republic of Korea have a joint stake in confronting non-market economic practices that disadvantage the American and Korean economies and create an unfair playing field for U.S. and ROK workers and businesses.  Secretary Yellen and President Yoon also shared views on supporting financial market developments, elevating women in the workforce, and deepening economic security across the Indo-Pacific.

###

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

23 hours ago

Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund

As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…

2 days ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

2 days ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

2 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

4 days ago