S.Korea to host its first ever G20 meeting in February

South Korea will host its first ever G20 meeting in February as the group will have the year’s first gathering in the port city of Incheon, a government official said Monday.

Senior level policy makers and bank officials including Vice finance ministers and vice governors of central banks from the Group of 20 advanced and emerging economies will convene in Incheon, 50 km west of Seoul, from Feb. 27 to 28 in order to discuss issues pertaining to the global economic recovery and the overall global economic system, the Ministry of Strategy and Finance said.

The gathering will kickstart this year’s G20 meeting, which has also selected South Korea to be the chair of the G20 summit to be held in Seoul this November.

South Korea also took over the management of the official website of the G20 finance minister meeting (www.g20.org) from Britain on Jan. 1, as it will be in charge of the website until the end of the year, according to the official.

The G20 comprises of Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States, and the European Union.