U.S. Treasury Secretary Janet L. Yellen held a virtual meeting with Choi Sangmok, the Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea. The discussion focused on macroeconomic and financial developments.

Secretary Yellen expressed gratitude for the "close communication between the Korean Ministry of Economy and Finance and the U.S. Treasury Department" in light of recent events in South Korea. She also highlighted the enduring relationship between the two nations, which is "built upon shared democratic values," and expressed her desire for ongoing bilateral cooperation.