South Korea, Britain launch new dialogue platform for economic, financial ties

London, South Korea and Britain have launched a new high-level dialogue channel meant to discuss stronger cooperation on a wide range of economic and financial topics. The inaugural meeting of the bilateral economic and financial dialogue took place in London on Thursday, according to the Ministry of Economy and Finance, adding South Korean Deputy Finance Minister Choi Ji-young and Lindsey Whyte, the director general of Britain's HM Treasury, were present. During the meeting, the two sides exchanged views on domestic and global economic circumstances and discussed means to enhance cooperation on supply chains and other economic security matters, multilateral economic cooperation and responses to climate change, Yonhap News Agency reported. They also discussed Europe's new carbon tax rules of the Carbon Border Adjustment Mechanism. The two sides agreed to launch a new dialogue channel between the two nations' finance ministries during a summit between South Korean President Yoon Suk Yeol and then British Prime Minister Rishi Sunak in November 2023. Source: Bahrain News Agency