Synopsis
Foreign Minister Cho Tae-yul is traveling to Vietnam for the P4G Summit focused on sustainable development. He aims to highlight South Korea's efforts against climate change during discussions with Vietnamese officials.Key Takeaways
- Cho Tae-yul's visit aims to enhance discussions on sustainable development.
- The P4G Summit focuses on global climate initiatives.
- Meeting with Bui Thanh Son marks continued diplomatic engagement.
- South Korea's FX market shows significant fluctuations.
- Cho will showcase South Korea's climate change efforts.
Seoul, April 13 (NationPress) Foreign Minister Cho Tae-yul is set to embark on a trip to Vietnam this week for an international conference focused on sustainable development, officials announced on Sunday.
The foreign ministry disclosed that Cho will be in Hanoi from Tuesday to Thursday to attend the P4G Summit, as reported by Yonhap news agency.
P4G stands for Partnering for Green Growth and the Global Goals 2030, a multilateral endeavor aimed at fostering sustainable economic practices. At the fourth iteration of the P4G summit, Cho will underscore the significance of a global alliance to tackle climate change and will also showcase South Korea's initiatives in this regard.
During his stay, Cho is also scheduled to meet with his Vietnamese counterpart, Bui Thanh Son, for the second round of diplomatic discussions between the two nations' top officials.
South Korea hosted the inaugural meeting in May 2024, which was established following the South Korea-Vietnam summit held in Hanoi in June 2023.
In other news, fluctuations in South Korea's foreign exchange market surged to their highest level last week since the country extended trading hours for the winner–U.S. dollar market, according to data released on Sunday.
The weekly variation in the winner–dollar exchange rate reached 67.6 won during the second week of April, marking the highest level since July 2024, when Seoul extended FX trading hours from a 3:30 p.m. close to 9 a.m.–2 a.m. the following day.
In comparison to records prior to the extended trading hours, last week's fluctuation was the most significant since the second week of November 2022, when the weekly fluctuation reached 101 won.
The Korean won was quoted at 1,421 against the U.S. dollar in after-hours trading on Friday, increasing by 40 won from the previous week. This marks the strongest level since December 5.
