South Korea's new finance minister and the country's top trade envoy will meet in Washington with U.S. counterparts on Friday for talks on U.S. tariffs, Finance Minister Koo Yun-cheol said on Tuesday.

South Koreas newly appointed Finance Minister Koo Yun-cheol announced that he and top Trade Minister Yeo Han-koo will meet with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer on

Finance Minister Koo Yun-cheol said Tuesday that he will hold "2+2" high-level trade talks with the United States later this week, ahead of the looming Aug. 1 deadline for bilateral negotiations on the U.

South Korea's new industry minister Kim Jung-kwan said on Monday that tariff talks with the U.S. are in a critical phase that could result in all kinds of possible scenarios, according to the ministry.