Shortcut menu
the body go
main menu go
한국어

My Favorite
Menu Items

Check 5 favorite menu
items and save them.
ECONOMIC POLICIES
PUBLIC INFORMATION
PRESS CENTER
ABOUT MOEF
close
PRESS RELEASES

22nd Korea-China-Japan Finance Ministers and Central Bank Governors' Meeting

  • DivisionInternational Finance Bureau - International Financial Cooperation Division
  • DateMay 12, 2022
  • Tel+82 44 215 4830

22nd Korea-China-Japan Finance Ministers and Central Bank Governors’ Meeting

 

Korea-China-Japan Discuss Cooperation to Counter Regional Economic Challenges

 

 

 

Deputy Prime Minister Choo Kyung-ho attended the 22nd Korea, China, and Japan Finance Ministers and Central Bank Governors’ Meeting held virtually on May 12. At this meeting, the leaders discussed the current global and regional economic situation, policy efforts, and plans for regional financial cooperation. The three countries pledged to further strengthen their cooperation to ensure complete economic recovery, stabilize financial markets and, achieve long-term financial sustainability in the region.

 

At this meeting, DPM Choo made his remarks on the main topics as below.

 

- Introduced Korea’s economic policy directions, which focus on improving people’s livelihood, attaining macroeconomic stabilization, and boosting overall economic activities

- Emphasized the stronger need for regional financial cooperation including through the CMIM[1] amid the growing changes surrounding the global economy and commended the positive progress of CMIM

- Requested China and Japan’s interest and support for the progress of the Korea-led Working Group (WG4) for ASEAN+3 future initiatives, such as research on regional regulatory cooperation for Fintech and introduction of Open Banking System as one of the areas for technical assistance (TA)

 

The next meeting of Korea-China-Japan Finance Ministers and Central Bank Governors will be held in Incheon, Korea in 2023.

 

Attachment: Joint Message of the 22nd Trilateral Finance Ministers and Central Bank Governors' Meeting 

 

[1] Chiang Mai Initiative Multilateralization (CMIM)

 

Please refer to the attached pdf. 

 

 

 

Ministry of Economy and Finance
RSS Service

close

You’re now unsubscribed.

close