READOUT: Secretary of the Treasury Scott Bessent’s Introductory Call with Republic of Korea Deputy Prime Minister Lee Hyoung-il

What this means

The Treasury Department said Secretary Scott Bessent held a virtual introductory call on October 13 with Republic of Korea Deputy Prime Minister and Minister of Finance and Economy Lee Hyoung-il. Treasury said Bessent congratulated Lee on his new role and that the officials discussed shared economic priorities, the bilateral economic and financial relationship, and opportunities for deeper cooperation. The readout announced no agreement, funding commitment or specific follow-up date.

Official release

Source material from U.S. Department of the Treasury. The wording below is the issuer’s statement.

WASHINGTON—Today, Secretary of the Treasury Scott Bessent spoke virtually with Republic of Korea Deputy Prime Minister and Minister of Finance and Economy Lee Hyoung-il.

Secretary Bessent congratulated Deputy Prime Minister Lee on his new role and underscored the importance of the U.S.–Republic of Korea economic and financial relationship. The two officials discussed shared economic priorities and opportunities to strengthen bilateral cooperation.

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Release text attributed to U.S. Department of the Treasury. Consult the official publication for any subsequent corrections or updates.