Overview
- Lee Hye-hoon, a former three-term lawmaker and veteran economist, was tapped to serve as the first minister of the new Ministry of Planning and Budget.
- She said the economy faces a “perfect storm” and vowed to cut waste while making bold investments to support households and growth.
- The People Power Party expelled her and denounced the move as a betrayal, while figures in the ruling camp raised concerns over her past political actions.
- President Lee asked the nominee to clarify past remarks supporting former President Yoon Suk Yeol’s failed martial law bid and to make her stance clear.
- A confirmation hearing is pending, but the president can appoint her regardless of the outcome, and the ministry will handle budget allocation and long-term strategy under the prime minister.