South Korea Cabinet Rejig Shows Lee Looking to Restore Momentum

South Korean President Lee Jae Myung’s surprise cabinet overhaul appears aimed at strengthening his control of the policy agenda amid mounting public discontent over housing, justice and widening inequality despite an accelerating economy.

South Korea’s First Vice Finance Minister Lee Hyung-il was nominated Sunday as deputy prime minister and minister of finance and economy, placing a veteran technocrat with deep experience in macroeconomic policy at the helm of the country’s economy. Born in Daegu in 1971, Lee studied economics at Seoul National Univers

SEOUL, Aug 30 (Reuters) - South Korea unveiled a major cabinet reshuffle on Sunday, naming First Vice Finance Minister Lee Hyoung-il as the new deputy prime minister and minister of economy and finance. The administration also tapped ruling Democratic Party lawmaker Kim Seung-won to lead the Ministry of Justice, and n

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