South Korea and the United States held their first-ever 2+2 meeting between fiscal and monetary authorities to coordinate responses to financial shocks.

Deputy Prime Minister and Minister of Economy and Finance Lee Hyeong-il poses for a photo ahead of the South Korea-US fiscal and monetary authorities 2+2 meeting at the Queen Sirikit National Convention Center in Bangkok, Thailand, on Friday (local time), on the sidelines of the IMF-World Bank Annual Meetings and the G20 and G7 finance ministers and central bank governors meetings. From left: Bank of Korea Governor Shin Hyun-song, Deputy Prime Minister Lee Hyeong-il, US Federal Reserve Chair Kevin Warsh, and US Treasury Deputy Secretary Francis Brook. [Ministry of Economy and Finance]
Deputy Prime Minister and Minister of Economy and Finance Lee Hyeong-il poses for a photo ahead of the South Korea-US fiscal and monetary authorities 2+2 meeting at the Queen Sirikit National Convention Center in Bangkok, Thailand, on Friday (local time), on the sidelines of the IMF-World Bank Annual Meetings and the G20 and G7 finance ministers and central bank governors meetings. From left: Bank of Korea Governor Shin Hyun-song, Deputy Prime Minister Lee Hyeong-il, US Federal Reserve Chair Kevin Warsh, and US Treasury Deputy Secretary Francis Brook. [Ministry of Economy and Finance]

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