Minister of Economy and Finance (South Korea) explained

Post:Minister of Economy and Finance
Insignia:Emblem of the Government of the Republic of Korea.svg
Insigniasize:80px
Insigniacaption:Emblem of the Government of South Korea
Incumbent:Choi Sang-mok
Incumbentsince:29 December 2023
Department:Ministry of Economy and Finance
Style:His Excellency
Member Of:Cabinet of South Korea
Reports To:President of South Korea
Appointer:President of South Korea with approbation of the South Korea National Assembly

Minister of Economy and Finance is a member of the Cabinet of South Korea and is the leader and chief executive of the Ministry of Economy and Finance. In Korea, all minister nominees are required to undergo a parliamentary confirmation process, though the consent of the National Assembly is not necessary for appointment.[1]

The current minister is Choi Sang-mok, who took office on 29 December 2023.

No.PortraitMinisterTerm startTerm endPresident
Minister of Finance
1Kim Do-yeon2 August 194822 April 1950First Republic of Korea
2Choi Sun-ju25 April 1950 5 March 1951
3Baek Du-jin5 March 1951 9 September 1953
4Park Hui-hyeon9 September 1953 30 June 1954
5Lee Jung-jyae30 June 1954 11 July 1955
611 July 1955 26 May 1956
7In Tae-sik26 May 1956 9 June 1957
8Kim Hyeon-chul9 June 1957 20 March 1959
9Song In-sang20 March 1959 28 April 1960
10Yun Ho-byeong28 April 1960 19 August 1960
11Kim Young-sun23 August 1960 18 May 1961Second Republic of Korea
12Paik Sun-jin20 May 1961 22 June 1961Supreme Council
for National Reconstruction
13Kim Yu-taek22 June 1961 16 July 1961
14Chun Byung-kyu22 July 1961 16 June 1962
15Kim Se-ryun18 June 1962 8 February 1963
16Hwang Jong-ryul8 February 196316 December 1963
17Park Dong-kyu17 December 196326 June 1964Third Republic of Korea
18Rhie Jung-han26 June 19645 December 1964
19Hong Seung-hi5 December 196416 November 1965
20Kim Chung-yum25 November 196526 September 1966
21Kim Hak-ryeol26 September 196627 December 1966
22Suh Bong-kyun27 December 196621 May 1968
23Hwang Jong-ryul21 May 196821 October 1969
24Nam Duck-woo21 October 1969 18 September 1974Fourth Republic of Korea
25Kim Yong-hwan18 September 1974 22 December 1978
26Kim Won-ki22 December 1978 22 May 1980
27Lee Seung-yun22 May 1980 4 January 1982
28Rha Woong-bae4 January 1982 24 June 1982Fifth Republic of Korea
29Kang Kyong-shik24 June 1982 15 October 1983
30Kim Mahn-je15 October 1983 8 January 1986
31Chung In-yong8 January 1986 26 May 1987
32Sakong Il26 May 1987 4 December 1988
33Lee Kyu-sung5 December 1988 18 March 1990
34Chung Yung-euy19 March 1990 26 May 1991
35Rhee Yong-man27 May 1991 24 February 1993
36Hong Jae-hyong25 February 1993 4 October 1994
37Park Jae-yoon5 October 1994 23 December 1994
Deputy Prime Minister and Minister of Finance and Economy (1994-1998)
1Hong Jae-hyong23 December 1994 20 December 1995
2Rha Woong-bae20 December 1995 8 August 1996
38 August 1996 5 March 1997
4Kang Kyong-shik5 March 1997 19 November 1997
5Lim Chang-yuel19 November 1997 5 March 1998
Minister of Finance and Economy (1998-2001)
1Lee Kyu-sung5 March 1998 24 May 1999Kim Dae-jung
2Kang Bong-kyun24 May 1999 14 January 2000
314 January 2000 7 August 2000
Deputy Prime Minister and Minister of Finance and Economy (2001-2008)
1Jin Nyum7 August 2000 15 April 2002Kim Dae-jung
2Jeon Yun-churl15 April 2002 27 February 2003
327 February 2003 10 February 2004Roh Moo-hyun
410 February 2004 7 March 2005
514 March 2005 18 July 2006
6Kwon O-kyu18 July 2006 29 February 2008
Minister of Economy and Finance (2008-2013)
1Kang Man-soo29 February 2008 9 February 2009Lee Myung-bak
210 February 2009 1 June 2011
3Bahk Jae-wan2 June 2011 22 March 2013
Deputy Prime Minister and Minister of Economy and Finance (2013–present)
1Hyun Oh-seok22 March 2013 14 July 2014Park Geun-hye
2Choi Kyoung-hwan15 July 2014 12 January 2016
313 January 2016 8 June 2017
49 June 2017 10 December 2018Moon Jae-in
511 December 2018 9 May 2022
610 May 2022 28 December 2023Yoon Suk-yeol
7Choi Sang-mok29 December 2023Incumbent

See also

Notes and References

  1. News: December 4, 2023 . (LEAD) Yoon replaces 6 Cabinet ministers, including finance minister . Yonhap News Agency.