South Korean President Lee Jae-myung has appointed Koo Yun-cheol as the new finance minister, relying on his extensive experience to address economic challenges including slow growth and increasing trade tensions with the U.S. government.
“The president nominated Koo Yun-cheol, a widely recognized policy expert as finance minister as he is a figure who has long contemplated Korea’s innovation and is well-suited to chart a path for national growth,” Kang Hoon-sik, Lee’s chief of staff, said during a televised press conference on Sunday.