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South Korean president nominates new chiefs for financial, communications regulators

( July 4, 2024, 04:24 GMT | Official Statement) -- MLex Summary: South Korea's presidential office has nominated Kim Byoung-hwan, former 1st vice minister of economy and finance, and Lee Jin-sook, former president of Daejeon Munhwa Broadcasting Corporation, to lead the Financial Services Commission and the Korea Communications Commission respectively. Kim brings extensive experience in economic policy, having served as the presidential secretary for economic and financial affairs under the Yoon Suk Yeol administration before his promotion to 1st vice minister last August. Lee, a former MBC journalist, has experience covering major events like the Iraq War and has held leadership positions in broadcasting, including being the Washington bureau chief. The nominations are part of a broader initiative to revitalize national governance following the recent general election. Both nominees must undergo parliamentary confirmation hearings before their official appointment.The statement, in Korean, is attached....

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