Korea to leverage economic network to address trade risks: finance minister

Korea will leverage its existing economic cooperation network built through summit diplomacy to address lingering uncertainties in the global trade environment, including geopolitical tensions in the Middle East, the finance ministry said Monday.

Finance Minister Koo Yun-cheol made the remarks during a meeting with relevant ministries on external economic affairs, stressing the need to address pending risks while securing new growth engines.

"To address external uncertainties, Korea will proactively utilize the foundation for economic cooperation built through summit diplomacy," Koo said during the meeting.

"Relevant ministries will promptly implement the MOUs signed during the summits.

"The government will focus on ensuring the stable management of external risks while continuing efforts to build cooperation with new markets, proactively supporting Korean companies in expanding their global business opportunities," he added.

During the meeting, the government also vowed to maintain coordination with Washington after the Office of the U.S.

Trade Representative (USTR) recently proposed a ...