G20 leaders expected to make breakthrough on tricky issues

A group of participants in the G20 Business Summit holds a joint press conference at Sheraton Walkerhill hotel in eastern Seoul on Wednesday.     (Yonhap)

By Kim Yon-se



Leaders of the Group of 20 are expected to make a breakthrough over the tricky issues of currency and current account balances during their two-day summit in Seoul starting Thursday.

Signs of a relatively positive outcome for the foreign exchange agenda could be seen from the remarks of officials of major countries such as the U.S., China and Korea.

Despite the war of words between Washington and Beijing, presidents and officials of the two superpowers are stressing the significance of the Seoul summit.

White House chief economic adviser Lawrence H. Summers predicted, a day before the summit, that an agreement to resolve the currency dispute will be announced this Friday.