Seoul calls on Washington for auto tariff exclusion
2019-04-15 10:58:14 source：Korea Herald
April 14, 2019
South Korea’s Deputy Prime Minister and Finance Minister Hong Nam-ki has asked the US government for an exemption from a new tariff on imported vehicles, the Ministry of Economy and Finance said Sunday.
He also met with representatives of major credit ratings agencies, to persuade them to reflect the peninsula’s eased geopolitical risk in their upcoming sovereign rating adjustments.
The fiscal chief met US Treasury Secretary Steven Mnuchin on Saturday, on the sidelines of the Group of 20 finance ministers and central bank governors meeting in Washington last week. This was the first face-to-face encounter between the two since Hong took office in December.
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