South Korea's finance chief urges G20 cooperation on imbalances and AI-driven growth
Finance Minister Lee Hyoung-il called on G20 members in Bangkok to jointly tackle global imbalances, supply-chain shocks and to invest in emerging technologies such as AI.
During the G20 finance ministers' meeting in Bangkok, Lee Hyoung-il urged participants to cooperate on correcting global current-account imbalances and to address supply-chain disruptions linked to the Middle-East conflict. He emphasized bolstering supply-chain resilience, safeguarding at-risk populations and channeling investment into future growth sectors like artificial intelligence. Lee also attended a G7 finance ministers' session, calling for comprehensive macro-economic policies and structural reforms.
In side meetings, he discussed official development assistance with African nations, highlighted South Korea's AI initiatives, and sought Singapore's expertise for a planned sovereign wealth fund. Bilateral talks with officials from Japan, Australia, Germany, Britain and the Asian Development Bank covered topics ranging from AI cooperation to critical minerals and nuclear energy.
Why it matters
Coordinated G20 action on imbalances and AI investment could shape global economic stability and growth.
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