Deputy Prime Minister and Minister of Technique and Finance Koo Yoon-chul leaves for Washington, D.C. by way of Incheon Worldwide Airport’s Passenger Terminal 2 for the “G20 Finance Ministers and Central Financial institution Governors Assembly,” Oct. 15, 2025. Yonhap
Finance Minister Koo Yun-cheol has emphasised the significance of important mineral recycling to make sure world provide chain stability at a global gathering of high monetary officers, his workplace stated Tuesday.
Within the opening session of the Finance Ministerial Assembly on Securing Essential Minerals Provide Chains held in Washington on Monday (native time), Koo underscored the necessity to reinforce world worth chain linkages based mostly on international locations’ comparative benefits and highlighted the significance of recycling important minerals, in line with the Seoul finance ministry.
The ministerial gathering introduced collectively finance chiefs from the Group of Seven (G7) to debate methods to safe and diversify provide chains for important minerals, notably uncommon earth components. Korea attended the assembly as an observer, together with Australia, India and Mexico.
Koo additionally highlighted the necessity to set up platforms for cooperation that will allow firms to pursue collaboration centered on particular tasks.
All through the discussions, contributors shared a robust sense of urgency to swiftly handle key vulnerabilities in important mineral provide chains, the ministry stated.
The USA, specifically, highlighted actions and investments it has already undertaken, in addition to deliberate measures to construct resilient, safe and diversified important mineral provide chain, in line with the ministry.
U.S. Treasury Secretary Scott Bessent expressed optimism that international locations would pursue prudent “derisking” fairly than “decoupling,” noting a shared understanding of the necessity to handle current weaknesses in important mineral provide chains, the ministry added.
