Lee meets Bessent, Chinese vice premier ahead of U.S.-China summit

South Korean President Lee Jae Myung met with U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Seoul on Wednesday, reinforcing commitments to deepen cooperation amid global challenges. During his meeting with Bessent at Cheong Wa Dae, Lee emphasized strengthening economic ties, particularly in critical minerals, supply chains, and foreign exchange markets, to maintain stable economies despite rising uncertainties like the Middle East conflict. Bessent acknowledged Lee’s leadership, crediting it for South Korea’s economic growth and stock market performance under difficult conditions. Lee also discussed bilateral cooperation with He Lifeng, urging expanded collaboration in economics, industry, trade, and culture. He responded positively, noting increased bilateral trade this year and relaying greetings from Chinese President Xi Jinping. Lee reciprocated by asking He to pass on his regards to Xi, referencing their January meeting. The meetings took place as Bessent and He prepared for Thursday’s high-stakes U.S.-China summit in Beijing, where U.S. President Donald Trump will engage with Xi. Following their talks with Lee, the two officials held a closed-door meeting at Incheon International Airport under tight security, restricting press access. Bessent later traveled to Beijing to join Trump during his two-day visit. The discussions focused on aligning economic and technological priorities between South Korea, the U.S., and China, signaling efforts to stabilize global supply chains and address shared challenges. Lee’s office stated that both sides reaffirmed their commitment to fostering stability and cooperation in an increasingly uncertain international environment.