SEOUL: 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.
As deputy prime minister, Choo, 62, would double as finance minister and oversee economic policy, replacing Hong Nam-ki. His nomination came as Asia's fourth-largest economy faces challenges of quelling decade-high inflation without destabilising markets as recovery from the pandemic continues.
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