The vice finance ministers of economies that belong to the Group of 20 have failed to reach agreements on exchange rate disputes or current account guidelines.

The spokesman for the presidential committee for the G20 summit, Kim Yoon-kyung, said that discussions among the vice finance ministers in Seoul were so heated on the guidelines that they were unable to even decide on the schedule for additional negotiations.

It is expected that the vice foreign ministers will report the results of their consultations to their nations before resuming related discussions on exchange rates disputes and current account imbalances.

The participants of the discussions were, however, able to fine-tune agreements on a number of other key issues including the creation of a global financial safety net, development agendas and the reform of international financial organizations.