November 9, 2018

South Korean President Moon Jae-in has fired both his top economic policymakers and replaced them with people already in the government, his office said on Friday, a move widely seen as intended to reinforce his controversial policies.

Moon has replaced chief presidential policy aide Jang Ha-sung and finance minister Kim Dong-yeon, the two most senior policymakers in charge of running Asia's fourth-largest economy, the presidential office announced.

It was a bigger reshuffle than expected, but the appointment of their successors from within the government indicated President Moon would reinforce his economic policies, which economists have said were hurting growth.

Read more:

https://www.cnbc.com/2018/11/09/south-korea-president-moon-jae-in-fires-economic-policy-chiefs.html