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Reuters

Business

Hyonhee Shin and Cynthia Kim

S.Korea's president-elect nominates conservative lawmaker as finance chief

Yoon Sukyeol South Korea

FILE PHOTO: South Korea's president-elect Yoon Suk-yeol speaks during a news conference to address his relocation plans of the presidential office, at his transition team office, in Seoul, South Korea, March 20, 2022.Jung Yeon-je/Pool via REUTERS/File Photo

South Korea's incoming President Yoon Suk-yeol on Sunday named Choo Kyung-ho to be deputy prime minister and finance minister, as the country seeks to tackle surging inflation, household debt and demand for welfare.

Yoon, who takes office on May 10, announced eight cabinet minister nominations, including defence, industry, health and land. All are subject to parliamentary confirmation hearings.

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