SEOUL, April 12 (Yonhap) — South Korea’s Finance Minister Yoon Jeung-hyun will leave for the United States this week to attend a Group of 20 (G-20) meeting, which will focus on pending global economic and financial issues, officials said Tuesday.
The G-20 finance ministers’ meeting will kick off in Washington on Thursday for a two-day run, according to the Ministry of Strategy and Finance. Yoon will leave for the meeting on Wednesday.
The meeting is the second G-20 meeting this year among finance ministers following one held in Paris in February. It is mostly aimed at setting the direction for discussions and decisions to be made during G-20 summit talks scheduled for November in France, the ministry said.
“The Washington meeting is expected to be a watershed in determining major issues and the direction of discussions for this year’s G-20 gatherings ahead of the November summit in Cannes,” the ministry said in a press release.
“With several new global issues emerging in the wake of the unrest in the Middle East and North Africa and the deadly earthquake in Japan, the G-20 meeting will also be a chance to test the global coordination ability.”
The two-day meeting will be comprised of five sessions that include discussions on how to attain strong, sustainable and balanced growth; reform the international monetary system; and better cope with fluctuations in commodity prices.
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