On the 5th, economic authorities from South Korea and the United States met in Milan, Italy, to discuss exchange rate policy, Reuters reported on the 14th, citing a South Korean government official.

On the 14th, the KOSPI index is displayed on the electronic board in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. /Courtesy of News1

It was reported that Choi Ji-young, International Economic Policy Director (Deputy Minister level) from the South Korean side, and Robert Kaplow, Deputy Assistant Secretary for Asia from the U.S. side, attended the meeting.

Their meeting took place during the Asian Development Bank (ADB) annual meeting held in Milan on the 5th.

The heads of finance and trade from South Korea and the United States conducted '2+2 trade discussions' in Washington, D.C., in April and agreed that the respective ministries of finance would hold separate discussions on exchange rates.