logo
Lee Jae-myung picks vice ministers for finance, foreign affairs, industry

Lee Jae-myung picks vice ministers for finance, foreign affairs, industry

Korea Herald10-06-2025
President Lee Jae-myung on Tuesday filled six vice ministerial posts to pursue a speedy recovery from the economic crisis, ahead of his departure for Canada to attend the G7 summit next week.
The nomination was aimed at safeguarding national interests by quickly deploying human resources amid economic recession in Asia's fourth-largest economy, the presidential office said.
According to Lee's office, Lee named Lee Hyoung-il, commissioner of Statistics Korea, as the first vice finance minister. Lim Ki-keun, administrator of the Public Procurement Service, will serve as the second vice minister of the Ministry of Economy and Finance.
Two vice-minister posts at the Ministry of Foreign Affairs were also filled. Park Yoon-joo, minister of the mission of South Korea to ASEAN, and Kim Jin-a, dean of the language and diplomacy division at Hankuk University of Foreign Studies, will serve as the first and second vice ministers at the Foreign Ministry, respectively.
Moon Shin-hak, spokesperson of the Ministry of Trade, Industry and Energy, was nominated as the first vice minister of trade, industry and energy. Yeo Han-koo was also reinstated as the minister of trade, a vice-ministerial position. He served in the same position from 2021 to 2022 under the former liberal Moon Jae-in administration.
Vice ministers in South Korea do not require a confirmation hearing at the National Assembly before their appointment to the posts.
"We promise to restore the administration that suffered a rupture after (former President Yoon Suk Yeol's) insurrection in a speedy manner," Lee's spokesperson Kang Yu-jung said.
"We will create a government capable of overcoming the (aftermath of) global protectionism."
Meanwhile, the presidential office announced that public access to Cheong Wa Dae will be partially restricted from July 16 to 31 and fully suspended starting August, as preparations for relocating the presidential office from Yongsan back to the historic compound in central Seoul begin. The move marks a reversal of former President Yoon Suk Yeol's 2022 decision to vacate the site. Public visits to Cheong Wa Dae will resume once President Lee's office completes the transition.
The presidential office added that Seoul has secured a budget of 25.9 billion won ($18.9 million) for the relocation procedures.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lee says Xi to attend APEC summit, Trump undecided: journalist
Lee says Xi to attend APEC summit, Trump undecided: journalist

Korea Herald

timea day ago

  • Korea Herald

Lee says Xi to attend APEC summit, Trump undecided: journalist

Chinese President Xi Jinping plans to visit South Korea to attend the upcoming Asia-Pacific Economic Cooperation summit, while US President Donald Trump remains undecided, a journalist said Saturday, citing his conversation with President Lee Jae Myung. Jeong Kyu-jae, a former editor-in-chief of the Korean Economic Daily, made the remarks in a video on his YouTube channel as he shared details of his luncheon meeting with Lee on Friday, including his possible attendance of an upcoming military parade in Beijing. "Xi Jinping will visit the APEC summit in Gyeongju," the conservative critic quoted Lee as saying. "(He) effectively said that US President Donald Trump also needs to come but a decision appears to have not yet been made." South Korea will host this year's summit of the 21 APEC economies in Gyeongju, about 370 kilometers southeast of Seoul, between late October and early November. Meanwhile, Lee said he was undecided on whether he would attend China's military parade in September, which marks the 80th anniversary of its victory in World War II, according to Jeong. Sources have said that China has sounded out South Korea about Lee possibly attending the parade. Former President Park Geun-hye attended the same event in 2015 despite Washington's displeasure. "I got the impression that he was considering the attendance issue very carefully," Jeong said, noting Park's experience. (Yonhap)

Lee urges citizens to dine out as part of efforts to boost domestic demand
Lee urges citizens to dine out as part of efforts to boost domestic demand

Korea Herald

timea day ago

  • Korea Herald

Lee urges citizens to dine out as part of efforts to boost domestic demand

President Lee Jae Myung said Saturday that he hopes citizens would join a move to dine out as part of efforts to boost domestic demand. On Friday, Lee had dinner at a restaurant in central Seoul with his staff in a way to promote dining out to help small-sized brick-and-mortar restaurants and small merchants, overcome a slump amid sluggish domestic demand. "I personally hope citizens would visit nearby restaurants to promote and cheer on their businesses ... which will in turn revive the local economy and become an impetus for a bright future of South Korea," Lee said in a social media post. Lee's remarks came as the country will begin distributing cash handouts to all citizens on July 21 as part of a government initiative aimed at stimulating domestic consumption. All South Korean citizens residing in the country will receive a one-time payment of 150,000 won, depending on their income levels. Lee earlier instructed senior aides to draw up measures to maximize the effects of cash handouts, which is a part of an extra budget as a stimulus package to boost private consumption. (Yonhap)

ASEAN, regional partners call for 'complete denuclearization' of Korean Peninsula
ASEAN, regional partners call for 'complete denuclearization' of Korean Peninsula

Korea Herald

timea day ago

  • Korea Herald

ASEAN, regional partners call for 'complete denuclearization' of Korean Peninsula

Southeast Asian countries and Indo-Pacific partners, including South Korea and the United States, have called for efforts to achieve the "complete denuclearization" of the Korean Peninsula, a joint statement showed Saturday, as they concluded this week's multilateral gathering led by the Association of Southeast Asian Nations. The chair's statement from the ASEAN Regional Forum, released Friday, also underscored the need to resume dialogue among concerned parties for peace and stability, a call that comes at a time when South Korea is seeking to improve inter-Korean relations under the new government of President Lee Jae Myung. "The Meeting called for the full implementation of all relevant UNSC Resolutions and noted international efforts to bring about the complete denuclearization of the Korean Peninsula," the statement read. "The Meeting ... stressed the importance of resuming peaceful dialogue among all concerned parties in order to realize lasting peace and stability in a denuclearized Korean Peninsula," it said. The use of the word "complete" to describe the North's denuclearization contrasts with last year's statement that called for "complete, verifiable and irreversible" denuclearization -- language seen as carrying a stronger tone. The ARF statement released every year following the ASEAN meetings draws attention for how it reconciles the differing positions on key security issues among participating countries, which also include China, Russia and North Korea. The changes in the latest statement possibly suggest Seoul's softer approach in its inter-Korean policy. Lee has called for easing tensions between the two Koreas and pursuing dialogue with Pyongyang, while continuing to respond firmly to the North's nuclear and missile threats in coordination with the international community. First Vice Foreign Minister Park Yoon-joo, who attended this week's ASEAN meetings as the top representative, highlighted these calls throughout the venue. North Korea has severed all communication with the South amid the stalled nuclear talks, which collapsed without a deal in Hanoi in 2019. The participating countries also again voiced "grave concern" over North Korea's increasing missile launches that destabilize the Korean Peninsula, urging Pyongyang to fully comply with all relevant U.N. Security Council resolutions. The ARF is an expanded security forum joined by the 10 ASEAN member states, the United States, China, Japan, the European Union and other countries in South Asia and the Pacific, as well as North Korea. However, North Korea did not attend this year's session, its first absence from the forum since joining the gathering in 2000. (Yonhap)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store