The Chancellor will visit Korea from Friday 22nd - Saturday 23rd October to attend the G20 Finance Ministers and Central Bank Governors meeting in Gyeongju. He also attended the June G20 meeting in Busan.
During the two day visit, the Chancellor will represent the UK at the G20 meeting, which will run from Friday until Saturday evening. Charles Bean, Deputy Governor of Bank of England, will accompany the Chancellor to attend the Meeting in Gyeongju.
Commenting ahead of the Chancellor’s visit, Martin Uden, British Ambassador to Seoul, said:
“We see the key goal for the G20 as being to continue the recovery of the world economy and secure sustainable growth. We need to maximise growth through the right combination of three things: deficit reduction; tackling imbalances, particularly through actions by emerging economies; and structural reform in advanced economies.
I know that the British Chancellor of the Exchequer, Mr Osborne, is also looking forward to his visit to Korea for the Summit in November.’’