Posted 12/4/2023, 1:21:38 AM
Yoon Nominates New Finance Minister Ahead of Key S. Korea Elections to Address Challenges Like Inflation
- South Korean President Yoon nominated Choi Sang-mok, a veteran technocrat and former chief economic advisor, as the new finance minister
- Choi will need to maintain economic momentum ahead of April parliamentary elections that will determine legislative support
- The reshuffle comes as Yoon's approval rating has fallen for 3 straight weeks to 32% in late November
- Yoon and his party face challenges like higher rates and inflation ahead of the election to regain control of parliament
- Outgoing finance minister Choo Kyung-ho is expected to run for election in the conservative Daegu district