South Korea’s prime minister is expected to keep incumbent Finance Minister Yoo Il-ho for policy continuity, Yonhap News reported on Monday citing an official from the PM’s office, instead of replacing him with Yim Jong-yong, current head of the financial regulator.
SEOUL South Korea’s prime minister is expected to keep incumbent Finance Minister Yoo Il-ho for policy continuity, Yonhap News reported on Monday citing an official from the PM’s office, instead of replacing him with Yim Jong-yong, current head of the financial regulator.
In early November, Yim was designated as the next finance minister by President Park Geun-hye, who handed over her power to Prime Minister Hwang Kyo-ahn following her impeachment by parliament on Friday.
(Reporting by Christine Kim- Editing by Richard Borsuk)
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