Finance officials plan Busan meeting

Finance ministers and heads of the central banks of the world’s 20 richest and emerging economies will meet in Busan in June and Gyeongju in October for Group of 20 conferences, the Presidential Committee for the G-20 Summit said yesterday.

The finance ministers and central bank heads will meet from June 3 to 5 in Busan, according to the preparatory committee for the G-20 Summit.

“Based on consultations with experts and discussions at relevant ministries, we have selected the venues,” the committee said in a press release.

“The events’ size and nature, accessibility to an airport and conference and lodging facilities were taken into account, as well as efforts to develop the international conference-hosting abilities of regional cities nationwide”

The two events will each be attended by about 1,000 international guests, including the finance ministers and central bank heads, their entourages and journalists.

The committee also selected Gwangju as the venue for the second deputy finance ministers’ conference in September.

The first meeting will take place next month in the Songdo region of Incheon, while Seoul will host the main summit of the G-20 leaders and heads of international organizations in November.

By Ser Myo-ja [myoja@joongang.co.kr]