Overview

• Lee Hyoung-il, former Statistics Korea commissioner, and Lim Ki-keun, ex-Public Procurement Service chief, have been named first and second vice finance ministers to tackle the economic downturn.
• Park Yoon-joo and Kim Jin-a will serve as first and second vice foreign ministers to strengthen diplomatic engagement ahead of next week’s G7 summit in Canada.
• Moon Shin-hak assumes the first vice minister of industry role and Yeo Han-koo returns as chief trade negotiator, leveraging their prior policy experience.
• The administration noted that vice ministerial posts bypass National Assembly confirmation to allow for rapid reorganization and policy action.
• Seoul has set aside 25.9 billion won for the presidential office’s move back to Cheong Wa Dae, suspending public access from mid-July to complete the transition.