South Korea & Scott Bessent
46 shared events · Importance 4 · Last updated Aug 23, 2026
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International
South Korea: Reportedly coordinated with Japan in selling dollars to support the won, indicating broader regional cooperation in currency stabilization.
Scott Bessent: As Treasury Secretary, he confirmed the intervention, pledged 'whatever it takes' support, and hinted at expanding the FIMA facility, boosting market confidence.
Jul 30, 2026 · 162 articles
Domestic
South Korea: South Korea>>> is among the countries that would face a 12.5% additional tariff due to alleged forced labor imports.
Scott Bessent: As Treasury Secretary, Scott Bessent>>> is central to the controversy by refusing to comment on the IRS audit immunity for Donald Trump>>> and his family, drawing criticism from lawmakers.
May 18, 2026 · 323 articles
International
South Korea: South Korea said it will maintain close communication with the U.S. to preserve trade benefits, noting the combined duties should not exceed 15%.
Scott Bessent: Treasury Secretary Scott Bessent vowed to use other legal authorities to recoup lost tariff revenue.
Apr 20, 2026 · 318 articles
International
South Korea: South Korea has increased oil imports from the US and is affected by higher energy costs. Its stock market has seen declines.
Scott Bessent: As Treasury Secretary, Bessent has imposed sanctions on Iran and commented on the economic impact of the war.
Apr 08, 2026 · 416 articles
Business
South Korea: Experienced extreme volatility in its stock market, driven by AI chip stocks.
Scott Bessent: Treasury Secretary, hinted at a deal with Iran to reopen the Strait of Hormuz.
Jul 14, 2026 · 280 articles
International
South Korea: South Korean banks held $6 billion of frozen Iranian funds, which were later transferred to Qatar>>> pending a prisoner release, highlighting its role in the initial fund freezing.
Scott Bessent: As US Treasury Secretary, Scott Bessent has reiterated Trump's 'red lines' for a deal and has threatened to 'aggressively target' Oman if it facilitates tolls in the Strait of Hormuz, indicating the US stance on sanctions and maritime freedom.
May 18, 2026 · 309 articles
International
South Korea: South Korea has a tanker crossing the Strait of Hormuz in cooperation with Iran, demonstrating its efforts to maintain energy supplies despite the disruptions.
Scott Bessent: Scott Bessent>>>, United States>>> Treasury Secretary, has vowed to use Iranian funds to pay for damage caused to Gulf allies and to offset tolls paid to the Persian Gulf Strait Authority.
Apr 20, 2026 · 607 articles
International
South Korea: South Korea has a tanker crossing the Strait of Hormuz in cooperation with Iran, demonstrating its efforts to maintain energy supplies despite the disruptions.
Scott Bessent: As US Treasury Secretary, Scott Bessent>>> believes elevated yields and inflation are transient and will subside when the conflict ends and the Strait of Hormuz>>> reopens.
May 07, 2026 · 362 articles
International
South Korea: South Korea expressed interest in expanding cooperation with NATO in defense technology.
Scott Bessent: Bessent was ordered by Trump to halt trade with Spain and tasked with preparing an embargo.
Apr 20, 2026 · 160 articles
International
South Korea: South Korea's stock market experienced a significant drop, and its factory activity expanded at the fastest pace in five years, driven by firms' efforts to secure supplies amidst the Iran war.
Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.
May 05, 2026 · 374 articles
Tech
South Korea: South Korea>>> is among the countries whose organizations have been granted access to Anthropic>>>'s Mythos AI model as part of Project Glasswing.
Scott Bessent: Scott Bessent>>>, then-US Treasury Secretary, convened an urgent meeting with bank CEOs to warn of the risks associated with AI's ability to find software vulnerabilities.
May 19, 2026 · 83 articles
International
South Korea: South Korea's President Lee Jae Myung questioned the legal grounds for Israel's actions and called the detention of its citizens 'excessive and inhumane'.
Scott Bessent: Scott Bessent, the US Treasury Secretary, publicly called the sanctioned activists 'pro-terror', reinforcing the US government's position regarding the flotilla.
May 18, 2026 · 347 articles
International
South Korea: South Korea's President Lee met with Canada's Carney; Hanwha remained a reserve bidder for Canada's submarine contract.
Scott Bessent: Bessent was mentioned as working on sanctions relief for Turkey.
Apr 20, 2026 · 317 articles
International
South Korea: South Korea, like Japan>>>, is heavily reliant on energy from the Gulf and has been impacted by the conflict. A peace deal would likely ease its energy supply concerns.
Scott Bessent: Scott Bessent, the Treasury Secretary, declined to confirm an agreement, emphasizing that the decision rests with President Donald Trump.
May 02, 2026 · 472 articles
International
South Korea: South Korea is involved as its citizens were detained, with President Lee Jae Myung criticizing Israel's actions as excessive and inhumane.
Scott Bessent: Scott Bessent>>>, the U.S. Treasury Secretary, referred to the flotilla activists as 'pro-terror' when announcing sanctions.
May 11, 2026 · 183 articles
International
South Korea: South Korea is mentioned in a related article but is not directly involved in this event.
Scott Bessent: Treasury Secretary Scott Bessent warned of sanctions on Chinese AI firms for IP theft, adding to the broader tech crackdown.
Jul 28, 2026 · 183 articles
International
South Korea: South Korean banks held $6 billion of frozen Iranian funds, which were later transferred to Qatar>>> pending a prisoner release, highlighting its role in the initial fund freezing.
Scott Bessent: Scott Bessent, the US Treasury Secretary, stated that the US naval blockade is part of a broader economic embargo aimed at suffocating the Iranian regime.
Apr 26, 2026 · 590 articles
International
South Korea: South Korea had ships exiting the Strait of Hormuz, reflecting efforts to navigate the disrupted shipping routes.
Scott Bessent: Scott Bessent, the US Treasury Secretary, is exploring ways to use frozen Iranian assets to aid Gulf allies, indicating a strategic financial move by the US.
Apr 20, 2026 · 508 articles
International
South Korea: South Korea is the planned location for a meeting between Donald Trump and Xi Jinping later this month.
Scott Bessent: Scott Bessent, Treasury Secretary, reiterated the United States' stance against China's command-and-control economy and its attempts to manage global supply chains.
Oct 20, 2025 · 11 articles
International
South Korea: South Korean banks held $6 billion of frozen Iranian funds, which were later transferred to Qatar>>> pending a prisoner release, highlighting its role in the initial fund freezing.
Jun 03, 2026 · 17 articles
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