South Korea Vice Finance Minister Lee Hyoung-il named finance minister, Yonhap says
Lee Hyoung-il will oversee the economy as the government prepares to roll out its 2027 budget next week, officials said.
- On Sunday, President Lee Jae Myung nominated Vice Finance Minister Lee Hyoung-il as minister of economy and finance in a cabinet reshuffle.
- Presidential Chief of Staff Kang Hoon-sik announced the nominations during a briefing at Cheong Wa Dae, marking a significant restructuring of the administration's leadership.
- The president also tapped Kang Shin-chul for defense and Rep. Kim Seung-won for justice, while Rep. Lee So-young will head the Ministry of SMEs and Startups.
- Key staff appointments include Rep. Lee Hae-min as senior presidential secretary for AI future planning and Lee Won-ju as presidential secretary for megaprojects; Kim Kyoung-soo becomes special adviser to the president.
- The reshuffle, announced after Friday's Youth Budget Unboxing event, positions new leadership across critical government sectors in South Korea.
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25 Articles
Presidential office announces reshuffle of 6 ministerial posts
President Lee Jae Myung nominated Lee Hyoung-il, first vice minister of economy and finance, to serve as deputy prime minister for economic affairs and minister of economy and finance in a Cabinet shuffle on Sunday. He also tapped Kang Shin-chul, a former deputy commander of the Korea-U.S. Combined Forces Command, as defense minister, and Rep. Kim Seung-won of the ruling Democratic Party of Korea (DPK) as justice minister. Presidential Chief of …
On the 30th, President Lee Jae-myung carried out his second cabinet reshuffle, nominating Kim Hyong-il, the current First Vice Minister of Finance and Economy, as the candidate for Deputy Prime Minister for Economic Affairs and Minister of Finance and Economy, and Rep. Kim Seung-won (Suwon-gap, Gyeonggi Province), a former judge, as the candidate for Minister of Justice. Kang Hoon-sik, Chief of Staff to the President, held a briefing at the Cheo…
President Lee nominates Lee Hyung-il as candidate for Deputy Prime Minister for Economic Affairs and Minister of Finance and Economy
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