South Korea Vice Finance Minister Lee Hyoung-il named finance minister, Yonhap says
SEOUL, Aug 30 (Reuters) - South Korea's Presidential Office named Vice Finance Minister Lee Hyoung-il as finance minister in a cabinet reshuffle on Sunday, Yonhap News reported. (Reporting by Cynthia Kim; Editing by William Mallard)
South Korea's Vice Finance Minister Lee Hyoung-il has been named as the new finance minister, according to a report by Yonhap News. The appointment was made in a cabinet reshuffle.
In a related development, Finance Minister Koo Yun-cheol abruptly canceled his planned trip to the United States to attend a meeting of Group of 20 finance ministers and central bank governors, despite having already arrived at Incheon International Airport. The Ministry of Finance and Economy attributed the cancellation to a change in schedule.
In North Korea, the country's defense minister, No Kwang-chol, has been dismissed and demoted to first vice-director of the Munitions Industry Department, according to the Korean Central News Agency (KCNA). Kim Song-gi, director of the General Political Bureau of the Korean People's Army, has been appointed as the new defense minister.
Brief written by urgent.news from Al-Monitor, The Korea Times, Yonhap News, South China Morning Post, Channel News Asia — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
