Top Stories
Biden arrives in South Korea for talks with President Yoon
Global Banking & Finance Review®
Company
OSAN AIR BASE, South Korea (Reuters) – U.S. President Joe Biden arrived in South Korea on Friday, the first leg of his first trip to Asia as president.
OSAN AIR BASE, South Korea (Reuters) – U.S. President Joe Biden arrived in South Korea on Friday, the first leg of his first trip to Asia as president.
Biden was greeted at the U.S. air base at Osan by South Korean foreign minister Park Jin, and the commanding general of U.S. forces in Korea, Paul LaCamera, among other American and South Korean officials.
Biden was due to meet with South Korean President Yoon Suk-yeol later Friday at a Samsung Electronics plant, ahead of a full day of events on Saturday.
The visit will be the first meeting between the two leaders. Yoon took office on May 10, and has vowed to deepen ties with Washington.
The South Korean president hopes to gain assurances from Biden that the United States will strengthen its deterrence against North Korean threats, while expanding the decades-old alliance to tackle other issues.
Biden, meanwhile, is expected to bring a theme of countering China’s presence in the region.
(Reporting by Josh Smith; Editing by Raissa Kasolowsky)
A central bank is a financial institution responsible for managing a country's currency, money supply, and interest rates. It also oversees the banking system and implements monetary policy.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).
Foreign investment refers to the investment made by individuals or entities in assets or businesses located in another country. It can take the form of direct investment or portfolio investment.
Economic growth is an increase in the production of goods and services in an economy over a specific period, typically measured by the rise in Gross Domestic Product (GDP).
A currency exchange is a service that allows individuals or businesses to convert one currency into another, often for travel or international trade purposes.
Explore more articles in the Top Stories category
