South Korea Cabinet Reshuffle Includes Key Ministries
South Korea has announced a cabinet reshuffle that includes the appointment of Lee Hyung-il as Deputy Prime Minister and Minister of Economy and Finance, Kim Seong-woon as Minister of Justice, and Kang Shin-chul as Minister of Defense. This change comes at a time when the government is seeking to revitalize its international policies, despite analysts' doubts about the sustainability of fiscal policies amid the collapse of the local bond market. The government is expected to present its budget for 2027 soon, and the appointment of ministers will undergo rigorous parliamentary scrutiny, with the president retaining the final authority in the appointment process.
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