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yesterday

President Presses Budget Nominee to Clarify Martial Law Comments

The opposition economist was picked to launch a reinstated budget ministry that splits spending authority from the finance ministry.

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President Lee Jae Myung (C) holds a meeting with senior aides over tea at the main building of Cheong Wa Dae on Dec. 29, 2025. (Yonhap)
Lee Hye-hoon, the nominee for the new minister for planning and budget, talks to reporters while heading to her office to prepare for her parliamentary confirmation hearing in Seoul on Dec. 29, 2025. (Yonhap)
Lee Hye-hoon, the nominee for the minister of planning and budget, is seen in this undated photo. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • President Lee Jae Myung said Lee Hye-hoon must address her past support for former President Yoon Suk Yeol’s failed martial law bid before taking office.
  • Lee Hye-hoon, a former three-term conservative lawmaker and veteran economist, was nominated to lead the new Ministry of Planning and Budget under the prime minister’s office.
  • The nominee said the economy faces a “perfect storm” and pledged to cut unnecessary spending while making bold government investments to support livelihoods and growth.
  • The People Power Party expelled Lee from party posts and membership, calling her move a betrayal ahead of local elections, while some ruling party figures voiced concerns over her past actions.
  • The ministry formally launches Jan. 2, 2026, and the nomination will face a confirmation hearing, though the president can appoint her regardless of the outcome.