The Economic Times

South Korea names veteran technocrat Lee Hyoung-il as new finance chief in cabinet reshuffle

South Korea announced a significant cabinet reshuffle on Sunday. Lee Hyoung-il was appointed as the new deputy prime minister and finance minister. Kim Seung-won will now lead the Ministry of Justice. Kang Shin-chul has been named the new defense minister. This reshuffle occurs as the administration enters its second year.