US EditionSouth Korea's Lee Names Koo Yun-Cheol Finance Minister and Makes Other Picks
- South Korean President Lee Jae-myung named Koo Yun-cheol as finance minister and appointed five other cabinet members on June 29, 2025, in Seoul.
- The appointments followed ongoing tariff negotiations with the US, where South Korea seeks exemptions from high tariffs and faces demands to improve agricultural and digital service barriers.
- Koo, a veteran policy expert and former vice finance minister, emphasized taking pre-emptive measures to support South Korea’s economy amid these challenging talks.
- Trade envoy Yeo Han-koo reported his recent trip to Washington built mutual trust to expedite negotiations, but left "every possibility open" regarding the July 8 tariff deadline.
- These cabinet changes and ongoing talks indicate President Lee’s focus on economic stability and responsive governance to address trade challenges with the US.
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The Star Kuala LumpurSouth Korea's Lee names Koo Yun-cheol finance minister, makes other picks
SEOUL: South Korea needs to take measures to support its economy in the short term as it continues tariff talks with the US, its likely new finance minister Koo Yun-cheol said on Sunday (Jun 29) after being nominated for the role by President Lee Jae Myung. Koo, a former vice finance minister, still needs
President Lee Jae Myung nominates 6 new ministers
President Lee Jae Myung nominated Koo Yun-cheol, a special-appointed professor of economics at Seoul National University, as minister of economy and finance, Sunday. The nomination was part of a broader set of Cabinet appointments that included several ministerial appointments and two senior presidential secretaries. During a press briefing, presidential Chief of Staff Kang Hoon-sik stated that Koo's widely respected policy expertise was a key r…
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