President Lee Appoints Kwon Dae-young as 1st Vice Finance Minister, Jeong Ui-gyeong as 2nd Vice Transport Minister

President Lee Jae-myung has appointed Kwon Dae-young, vice chairman of the Financial Services Commission, as first vice minister of the Ministry of Economy and Finance.

Jeong Ui-gyeong, head of the Land and Urban Policy Office, was appointed as second vice minister of the Ministry of Land, Infrastructure and Transport.

Sung Ki-hong, senior presidential secretary for public communication, announced the appointments during a briefing this afternoon (Oct. 1).

Describing the new First Vice Finance Minister Kwon, Senior Secretary Sung said, "He is an economic and financial expert who served as director general of the Financial Policy Bureau and secretary general at the Financial Services Commission." Sung added, "Based on his practical sense and policy coordination capabilities built in the field of financial policy, he is the right person to boldly integrate various policy tools, steadily manage overall economic issues including the economic growth rate, prices, and employment, and continuously discover future growth momentum."

Regarding the new Second Vice Transport Minister Jeong, Sung introduced him as "a career bureaucrat with extensive experience in both policy and field operations across the transportation and land sectors." He added, "He will broaden the foundation for locally led growth by expanding metropolitan transit and logistics networks, build infrastructure for the three mega-projects without setbacks, and swiftly resolve everyday transport issues felt by the public with a strong grasp of conditions on the ground."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.