Press Briefing

Spokesperson and Deputy Minister for Public Affairs Lim Soosuk

September 22, 2022  14:30  KST

Good afternoon. Let me start today’s briefing.

The President attended a number of events yesterday, among which I will speak briefly about his meeting with his U.S. counterpart.

Following their meeting in London, the Presidents of the Republic of Korea and the United States met at the Global Fund Seventh Replenishment Conference as well as the reception hosted by President and Dr. Joe Biden in New York on Wednesday, September 21.

The two Presidents discussed the U.S. Inflation Reduction Act (IRA), efforts to stabilize the financial market and extended deterrence.

With regard to the U.S. IRA, President Yoon delivered Korean companies’ concerns and asked for President Biden’s support to ensure that no discrimination befalls on the Korean companies in the course of implementing the law.

President Biden said that he is well aware of Korea’s concerns and that the two countries shall continue serious consultations on that matter.

The two Presidents also agreed to work closely together to stabilize the financial market as necessary amid the growing instability of the global economy.

In addition, the two Presidents appreciated the ongoing consultations between the two countries on extended deterrence, and agreed to bolster coordination to deter North Korean threats and seek joint responses to Pyongyang’s provocation.

(A question-and-answer session followed.)