The federal government participated within the Group of Twenty (G20) deputy finance ministers’ assembly held in Washington, D.C., United States, and recognized structural elements slightly than alternate charges or demand shortfalls as the reason for world imbalance issues. This represents a defensive argument that fundamentals comparable to inhabitants ageing and industrial construction needs to be thought of in response to stress logic focusing on present account surplus nations.
The Ministry of Financial system and Finance introduced on Dec. 17 that Director Normal for Worldwide Monetary Affairs Choi Ji-young attended the 2026 First G20 Deputy Finance Ministers and Central Financial institution Deputy Governors Assembly held in Washington, D.C., United States, on Dec. 15-16 (native time). This assembly was the primary chaired by the USA because the 2026 chair nation, with financial development, deregulation, and vitality serving as key agenda gadgets.
Essentially the most notable section was the session addressing “world imbalances.” America, because the chair nation, raised the need of mitigating world imbalances and mentioned adjustment points between present account surplus and deficit nations.
In response, the Korean authorities acknowledged, “The basic causes of worldwide imbalances are usually not merely problems with alternate charges or home demand weak point.” The Ministry of Financial system and Finance advised that the structural variations of every nation, comparable to inhabitants ageing, adjustments in industrial construction, and savings-investment gaps, needs to be analyzed in depth for his or her influence on present accounts. This clearly articulated Korea’s place that an strategy contemplating the constitutional traits of every nation’s economic system is critical, slightly than easy alternate price changes or synthetic home demand stimulus stress.
Concerning digital belongings and different digital finance points, Korea emphasised regulatory consistency. The Korean authorities acknowledged, “Variations in digital asset regulation and supervision programs between nations should be lowered,” and requested in-depth evaluation on the G20 and Monetary Stability Board ranges. Korea notably argued that stablecoins ought to have internationally constant requirements for core necessities comparable to issuance, reserves, and redemption.
Concerning world financial outlook, most member nations assessed a excessive chance of sentimental touchdown resulting from inflation mitigation. Nevertheless, geopolitical fragmentation and commerce conflicts had been recognized as draw back dangers. Korea introduced supply-side structural reforms in labor and schooling as options to reinforce development potential. Korea additionally defined the significance of sound fiscal stance, together with efforts to adjust to fiscal guidelines to make sure fiscal sustainability.
In the meantime, at this assembly, member nations expressed help for the monetary sector regulatory modernization agenda proposed by the USA, whereas agreeing that it needs to be pursued in a balanced method that doesn’t undermine monetary stability. A Ministry of Financial system and Finance official acknowledged, “As the USA has declared streamlining of the finance monitor and deal with core agenda gadgets as chair nation, we are going to reply to make sure that Korea’s positions are mirrored in a course that serves nationwide pursuits in future discussions.”
