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South Korea President to Support Biden’s New Economy Grouping

  • Yoon to meet Biden later this week for talks in Seoul
  • IPEF deal has been criticized for lacking in substance
Yoon Suk Yeol

Yoon Suk Yeol

Photographer: SeongJoon Cho/Bloomberg

South Korean President Yoon Suk Yeol indicated his new government will take part in a regional economic group Joe Biden is expected to soon unveil, in a show of support for the US president days before he arrives in Seoul for talks.

Yoon, who took office on May 10, told parliament Monday he wanted to discuss with Biden when they meet later this week how his government can contribute to the Indo-Pacific Economic Framework. The pact is supposed to help in coordination of regional supply chains, infrastructure and other areas.