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flag South Korea appoints Lee Hye-hoon as first head of new economic planning ministry, pending approval.

flag South Korean President Lee Jae Myung has nominated Lee Hye-hoon, a conservative former lawmaker and economist, as the first Minister for Planning and Budget, a newly created ministry set to launch in January. flag The role, part of a government reorganization, will focus on long-term economic strategy and budget allocation, while the finance ministry shifts to a coordination role. flag Lee, known for her work on labor protections and interest rate caps, must gain parliamentary approval but can assume office even without it. flag The appointment reflects an effort to balance political factions and promote economic reform.

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