Government Reorganization
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President Lee nominates ex-lawmaker Lee Hye-hoon for budget planning minister
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President Lee Jae Myung nominated former three-term conservative lawmaker Lee Hye-hoon as the inaugural minister for the new Ministry of Planning and Budget on December 28, 2025. The nominee described the economy as facing a structural crisis and short-term 'perfect storm' the next day, pledging bold budgetary investments to support livelihoods. The ministry, set to launch in January under the prime minister's office, will handle budget allocation and mid- to long-term economic strategies.