South Korea’s Lee Nominates New Finance, Defense Ministers

South Korean President Lee Jae Myung has announced a Cabinet reshuffle, nominating new individuals for key positions within the government. This reorganization includes the appointment of new ministers for the defense and finance ministries. Specifically, veteran technocrat Lee Hyoung-il has been named as the new finance chief. These nominations are part of a broader effort by the administration to refresh the leadership across several critical government sectors to ensure effective governance and strategic management.