Lee Hyung-il, the nominee for Deputy Prime Minister and Minister of Finance, stated on August 30, "I will work hard to create new investment and growth opportunities to lay the groundwork for a rebound in the potential growth rate."
President Lee Jae-myung nominated Lee Hyung-il, the current first vice minister of the Ministry of Finance, as the next economic deputy minister. The nominee is recognized as a macroeconomic expert, having held key positions within the Ministry of Finance since entering public service. He is also regarded as a capable figure who has been appointed across different administrations.
In his remarks following the nomination, Lee expressed, "I feel an immense sense of responsibility being named the second deputy prime minister nominee since the launch of the Lee Jae-myung administration."
He assessed that the South Korean economy is at a critical juncture requiring new challenges to achieve a significant leap toward becoming an 'irreplaceable South Korea,' moving beyond recovery and normalization.
Lee emphasized, "I will strive to solidify the growth momentum our economy has achieved over the past year and three months, and create new investment and growth opportunities through major projects to lay the foundation for a rebound in the potential growth rate."
Finally, he stated, "I plan to do my utmost to ensure that the benefits of growth are distributed evenly among all citizens, leveraging the policy capacity secured through the semiconductor boom to address issues like polarization and support people's livelihoods."
* This article has been translated by AI.
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