Finance ministry divided into 2 bodies

Finance ministry divided into 2 bodies

Finance Minister Koo Yun-cheol (5th from L), who doubles as the deputy prime minister for economic affairs, and others clap their hands during a ceremony at the government complex in Sejong, central South Korea, on Jan. 2, 2026, to unveil a plaque displaying the Korean and English names of the Ministry of Economy and Finance as the finance ministry was formally divided into the Ministry of Economy and Finance and the newly established Ministry of Planning and Budget, which has been placed under the Prime Minister's Office. (Yonhap)

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