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Finance Minister Nominee Vows to Tackle Inflation, Bolster Economic Recovery

Summary by The Korea Times
Finance minister nominee Lee Hyoung-il on Tuesday vowed to tackle inflation and bolster economic recovery once he takes office. Lee made the remarks during his confirmation hearing at the National Assembly in Seoul, saying Asia's No. 4 economy currently stands at a critical juncture amid the artificial intelligence (AI) boom. "Growing demand for AI services has led to a semiconductor boom, while major economic indicators, including exports and i…

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(Sejong=Yonhap News) Reporter Lee Se-won = Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Finance and Economy, stated at his confirmation hearing on the 15th that he would act as the commander of the government's economic policy...

·Seoul, Korea (the Republic of)
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Lee Hyung-il, nominee for Deputy Prime Minister for Economic Affairs and Minister of Finance and Economy, who cited public livelihood, economic recovery, and foreign policy as key priorities during his National Assembly confirmation hearing, stated on the 15th that upon taking office, he would "do his utmost to lead the economic team as a unified team by bringing together the capabilities of each ministry."

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During his confirmation hearing, Deputy Prime Minister nominee Lee Hyung-il presented economic growth through stabilizing people's livelihoods, managing the macroeconomic environment, and strengthening global capabilities as his core tasks. In particular, while adhering to market economy principles, he emphasized the government's active role, including support for vulnerable groups, and expressed expectations for a 3% economic growth rate and th…

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조선일보 broke the news on Tuesday, September 15, 2026.
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