Finance Minister Hong Nam-ki says it's unlikely South Korea will be removed from the U.S. currency watchlist in the near future.
Speaking to reporters in Washington on Friday, Hong said he got the impression it would be difficult this year, citing his meeting with U.S. Treasury Secretary Steven Mnuchin a day earlier.
In May, the U.S. put South Korea on its list of countries it monitors for currency practices, but indicated South Korea could be removed if it continues to maintain only one of the three criteria for a currency manipulator before the next report is released.
The finance minister said the government will do its best.
The U.S. report is expected in the coming days.
Hong is in Washington for the G20 finance ministers and central bank governors' meeting.