SEOUL, Feb. 14 (Yonhap) -- South Korea's Finance Minister Yoon Jeung-hyun will leave for France this week to participate in a Group of 20 meeting where pending global economic and financial issues will be discussed, the finance ministry said Monday.
The G-20 finance ministers' meeting will kick off on Friday for a two-day run in Paris, according to the Ministry of Strategy and Finance. Yoon will leave for the city on Thursday.
The meeting is the first G-20 meeting this year and also marked the first of its kind hosted by France since it assumed the chair for the gathering for this year. South Korea chaired the meeting last year and held the summit meeting in November in Seoul.
During the Paris meeting, finance ministers, central bankers and leaders of major financial institutions including the International Monetary Fund are expected to discuss ways to achieve "strong, sustainable and balanced growth," and the reform of international monetary system.
Other agenda items include discussion on how to stabilize soaring commodity prices and strengthen financial regulations overall.
Yoon will have bilateral talks with his counterparts from other G-20 member countries including France, China, Australia and Mexico to exchange views on pending global issues and confirm each nation's policy priorities, his office said.
Seoul also expected that the meeting would provide an opportunity to have talks on detailed measures to introduce the "indicative guideline," which was agreed upon during the November gathering in Seoul.
The guideline is aimed at setting targets for current account surpluses and deficits for each nation to help tackle global imbalances and eventually achieve sustainable growth. But talks on a specific uniform target reportedly remain in limbo as countries argue that they face different economic circumstances.
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