Treasury Secretary Yellen to Meet South Korean President Yoon in Seoul

Yellen's agenda includes promoting a price cap on Russian oil and encouraging cooperation among oil-reliant countries. She is visiting LG Research Park to discuss 'friend shoring,' a strategy to strengthen supply chains with like-minded nations, particularly to counter China's influence. The focus is on reducing dependency on China by collaborating with allies to enhance supply chains for essential technologies.

What is one of the main objectives of Yellen's agenda?

• To increase cooperation on a price cap for Russian oil

• To promote tourism in Russia

• To establish new trade routes

• To reduce taxes on oil imports

What is 'friend shoring' as discussed by Yellen?

• A method to increase tourism among friendly nations

• A strategy to boost supply chains among like-minded countries

• A plan to reduce taxes on imports

• A new type of international trade agreement

What recent consideration did LG announce regarding its operations?

• Expanding its headquarters in South Korea

• Reassessing the construction of an EV battery plant in Arizona

• Launching a new line of smartphones

• Building a new electronics plant in China

What is the primary focus of Yellen's visit to the LG Research Park?

• To promote LG's new smartphone

• To announce a new trade agreement with China

• To open a new LG store

• To discuss reducing reliance on China

Why is the US seeking to strengthen alliances according to Yellen's agenda?

• To increase oil imports

• To reduce military spending

• To enhance supply chains for essential technologies

• To boost tourism