Overview
- The reestablished ministry will take charge of budget allocation and mid- to long-term economic strategy under the prime minister’s office.
- The Ministry of Finance and Economy will serve as the government’s policy control tower under the new structure.
- Lee Hye-hoon is a three-term former lawmaker from the conservative bloc with economics degrees from Seoul National University and a Ph.D. from UCLA.
- Her record includes service on the National Assembly’s Strategy and Finance Committee and the Special Committee on Budget and Accounts, as well as research work at the Korea Development Institute.
- Her nomination requires a confirmation hearing, though the president can appoint her regardless, and related economic appointments included Kim Song-sik to the National Economic Advisory Council and Lee Kyung-soo to the National Science and Technology Advisory Council.