International Monetary Fund chief Christine Lagarde will visit Korea in December, the first time since 1999 that an IMF chief comes to the country except to attend a conference.
An official at the Ministry of Strategy and Finance on Thursday said Lagarde will visit Korea for a couple of days in early December. The visit "demonstrates the growing status of Korea on the global economic stage," the official added.
The last time the head of the IMF visited Korea was after the 1997 Asian financial crisis, when Michel Camdessus came several times to discuss the bailout and monitor progress.
"We used to be a recipient of IMF rescue loans, but the Korean economy has grown much stronger and her visit recognizes this fact," the official said.
He added that Lagarde will hold in-depth discussions with key officials here.
Lagarde is expected to meet President Park Geun-hye to discuss the role of Korea in the global financial arena as well as cooperation with the IMF.