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 the significance of countering China in Yellen's agenda?

Why is Yellen at the LG Research Park?