April 26 (Reuters) - U.S. President Joe Biden and South
Korean President Yoon Suk Yeol upgraded their commitment to
cooperate on maintaining stability in foreign exchange markets
at a summit on Wednesday, a senior South Korean economic
official said.
"It is meaningful that (the two leaders) expressed their
willingness to actively cooperate for the financial stability at
a higher level than before," Choi Sang-mok, senior presidential
secretary for economy, told reporters in Washington.
Biden and Yoon said in a statement following the summit that
the two countries "will continue to consult closely on foreign
exchange market developments to promote sustainable growth and
financial stability".
It was a reaffirmation of a commitment made last year but
was an upgrade in the sense that it was included in the
statement after the summit meeting held on the occasion of
President Yoon's state visit, Choi said.
(Reporting by Choonsik Yoo; Editing by Sonali Paul)
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