2025 G20 Global Financial Stability Conference

• The Ministry of Economy and Finance (MOEF) and the Korea Development Institute (KDI) co-hosted the 2025 G20 Global Financial Stability Conference on September 3 (Wednesday) at The Plaza Hotel Seoul under the theme “Enhancing Financial Stability and Resilience amid Structural Changes and Uncertainty.”
  
  Since 2013, MOEF and KDI have jointly hosted this conference as a platform to assess global economic and financial challenges and to explore policy responses.
  
  This 2025 conference focused on three main themes:
  1. Correcting Global Imbalances: Implications for International Trade and Finance
  2. Key Challenges Facing the International Financial System
  3. Evolving Sovereign Debt Landscape

  

  In his opening remarks, Hyoung Il Lee, the 1st Vice Minister of Economy and Finance noted that the global financial environment stands at a turning point. He called for closely monitoring signals of change, establishing fundamental principles of policy response, and actively seeking avenues for international cooperation.

  Dong Chul Cho, President of KDI emphasized that the world is facing complex financial and economic challenges that cannot be addressed by any single country alone. He stressed the need for joint solutions through international cooperation and solidarity, concluding that mutual trust and collaboration are essential to overcoming today’s global crises.
  
  

  The keynote speech highlighted the weakening role of the U.S. dollar amid its reduced dominance in trade and finance, underscoring the necessity of enhanced global cooperation in reshaping the economic order as a global public good. It also raised the prospect of changes in the role of U.S. Treasuries and the diversification of global safe assets in the context of a more fragmented system.
  
  The first session emphasized that uncertainty in trade policy could heighten volatility in foreign direct investment flows and thereby pose risks to the global economy, while underscoring the importance of structural reforms and fiscal policy.
  
  The second session examined the opportunities and risks arising from the growing presence  and influence of non-bank financial institutions (NBFIs), artificial intelligence (AI), and stable coins, highlighting the need for robust regulatory frameworks, clear guidelines, and enhanced international cooperation.
  
  The final session addressed how the accumulation of global debt and demographic shifts are affecting sovereign debt sustainability and long-term growth prospects, and emphasized the importance of continued progress in international initiatives, including the G20 Common Framework.

  ▶  Presentation materials for the 2025 G20 Global Financial Stability Conference – [Click here]

  Written by:
  Global economy unit, Office of Global and North Korean Economic Studies