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Lee Hye-hoon poised to take control of South Korea’s new budget ministry

Summary by koreapro.org
President Lee Jae Myung’s decision to nominate Lee Hye-hoon as the inaugural head of South Korea’s new Ministry of Planning and Budget (MPB) marks a substantive reallocation of fiscal authority. By removing budget planning from the Ministry of Economy and Finance (MOEF) and placing it under a standalone body reporting to the prime minister’s office, […]

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koreapro.org broke the news in on Thursday, January 1, 2026.
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