According to the Ministry of Economy and Finance, Koo departed for the UK on the morning of May 17 to participate in the Investment Briefing (IR) for the South Korean economy. During his trip, he will conduct IR sessions for global investment institutions, hold meetings with major financial firms, and attend the G7 Finance Ministers and Central Bank Governors Meeting.
This year, France holds the G7 presidency, and the meeting will take place in Paris on May 19. The agenda includes discussions on global imbalances and building mutually beneficial international partnerships, along with a working lunch for finance ministers and central bank governors from major economies.
The meeting is expected to address the need to resolve current account imbalances between countries and explore ways to enhance the effectiveness of international development cooperation.
Koo plans to emphasize that addressing complex crises, such as those arising from conflicts in the Middle East, requires collective efforts rather than actions from a single nation. He intends to share South Korea's emergency economic response strategies and plans to stimulate domestic demand and investment. Additionally, he will express his views on global economic issues as a bridge between the G7 and emerging economies.
Koo will also strengthen ties with G7 member countries through meetings with UK Chancellor of the Exchequer Rachel Reeves, Canadian Finance Minister François-Philippe Champagne, and German Vice Chancellor and Finance Minister Lars Klingbeil.
Before the meeting, Koo will conduct an IR session for major global investment institutions in London on May 18. He previously responded to suggestions at a recent meeting of the Treasury Market Advisory Committee, stating that he would implement timely market stabilization measures to enhance IR efforts targeting investors from Asia and other regions.
Koo aims to attract investment by highlighting South Korea's strong global competitiveness, advancements in capital markets, and key policy directions for achieving a hyper-innovative economy.
On the same day, he will meet with top executives from major global financial firms, including HSBC and Schroders, to discuss the state of the global economy and international financial markets.
He will also meet with Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, to explore how to support developing countries through development cooperation projects that incorporate artificial intelligence (AI).
* This article has been translated by AI.
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