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During her meetings in Seoul, Yellen will continue to push for a
proposed cap on the price of Russian oil and discuss efforts to
address supply chain bottlenecks through "friendshoring" - or
boosting trade ties with trusted economic partners like South
Korea, Treasury said.
In addition to Yoon, Yellen will meet with Bank of Korea
Governor Rhee Chang-yong and Deputy Prime Minister and Minister
of Economy and Finance Choo Kyung-ho.
She will hold separate discussions with leading South Korean
women economists and entrepreneurs to discuss how increased
labor force participation by women can boost economic growth,
Treasury said.
She will also tour the facilities of one of South Korea's
largest companies, LG Corp, which has recently announced
investments in manufacturing batteries for electric vehicles in
the United States, Treasury said.
In a speech after the tour, Yellen will focus on the importance
of partnerships with allies like South Korea in building more
resilient supply chains, easing inflationary pressures and
lowering costs for American consumers, it said.
Yellen visited Japan last week before traveling to the
Indonesian island of Bali to participate in a meeting with
finance officials from the Group of 20 major economies.
(Reporting by Andrea Shalal; editing by Diane Craft)
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