A New Hand on the Finance Levers in Seoul South Korea's President Lee Jae Myung has appointed Lee Hyoung il as the new deputy prime minister and minister of economy and finance, a move that has sparked both optimism and skepticism among analysts.
The appointment comes at a critical juncture for South Korea's economy, which is facing rising interest rates, a plummeting local bond market, and a government still reeling from its expansionary fiscal policies.
Lee Hyoung il, who has been First Vice Finance Minister since June last year, brings a deep understanding of the current economic landscape.