Korea's finance minister to attend G20 meeting

Korea's finance minister will attend the Group of 20 meeting for top economic policymakers in China later this week to discuss a variety of global issues such as increased market volatility and toughened economic conditions, the finance ministry said Thursday.

The Ministry of Strategy and Finance said Finance Minister Yoo Il-ho, who doubles as the deputy prime minister for economic affairs, will attend the G20 Finance Ministers and Central Bank Governors meeting to be held in Shanghai, China, on Friday and Saturday.

Finance Minister Yoo Il-ho (Yonhap)

The ministers and governors of the world's top 20 economies will discuss issues such as the slowdown in China and emerging markets, uncertainties in monetary policies, low oil prices and widened volatility in the global financial market.

"Finance Minister Yoo will call for stronger policy coordination among the G20 nations on dealing with the recent global financial turmoil and suggest some detailed action plans in his official remarks," the finance ministry said.

Yoo is also expected to hold bilateral talks with his U.S., Chinese and French counterparts during the two-day meeting. (Yonhap)