Korean, Polish finance chiefs speak about Heart East tensions, financial cooperation – The Korea Occasions
Finance Minister Koo Yun-cheol (left) shakes palms with Polish Finance Minister Andrzej Domanski ahead of their assembly on the govt complicated in Seoul on Monday. Courtesy of the Ministry of Finance.
Finance Minister Koo Yun-cheol met his Polish counterpart on Monday to talk about the affect of the Heart East struggle on power provide chains in addition to different key spaces of monetary cooperation, the Finance Ministry mentioned.
The assembly with Polish Finance Minister Andrzej Domanski came about in Seoul at Poland’s request, at the sidelines of a summit between President Lee Jae Myung and Polish High Minister Donald Tusk, in step with the Ministry of Finance and Financial system.
Throughout the assembly, the 2 aspects explored tactics to improve cooperation amid rising instability within the Heart East following the USA and Israeli assaults on Iran in past due February.
Koo described the present state of affairs as a “quasi-war economic situation” and defined the Seoul govt’s coverage responses, together with value caps on petroleum merchandise and its not too long ago authorized supplementary finances, the ministry mentioned.
Koo highlighted Poland as a competent spouse that has expanded cooperation with Korea past business and funding in key industries similar to protection and secondary batteries.
In reaction, Domanski shared Poland’s revel in in diversifying its power provide chain, together with increasing imports of liquefied herbal fuel (LNG) from the US and Qatar in 2022, the ministry mentioned.
The 2 aspects additionally agreed to carry a 2nd spherical of monetary discussion in the second one part of this 12 months, the ministry mentioned.
