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Minister of Economy and Finance (South Korea)

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Minister of Economy and Finance
Emblem of the Government of South Korea
Incumbent
Choi Sang-mok
since 29 December 2023
Ministry of Economy and Finance
StyleHis Excellency
Member ofCabinet of South Korea
Reports toPresident of South Korea
AppointerPresident of South Korea with approbation of the South Korea National Assembly

Minister of Economy and Finance (Korean기획재정부장관) 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. Portrait Minister Term start Term end President
Minister of Finance
1 Kim Do-yeon 2 August 1948 22 April 1950 First Republic of Korea
2 Choi Sun-ju 25 April 1950 5 March 1951
3 Baek Du-jin 5 March 1951 9 September 1953
4 Park Hui-hyeon 9 September 1953 30 June 1954
5 Lee Jung-jyae 30 June 1954 11 July 1955
6 Kim Hyeon-chul 11 July 1955 26 May 1956
7 In Tae-sik 26 May 1956 9 June 1957
8 Kim Hyeon-chul 9 June 1957 20 March 1959
9 Song In-sang 20 March 1959 28 April 1960
10 Yun Ho-byeong 28 April 1960 19 August 1960
11 Kim Young-sun 23 August 1960 18 May 1961 Second Republic of Korea
12 Paik Sun-jin 20 May 1961 22 June 1961 Supreme Council
for National Reconstruction
13 Kim Yu-taek 22 June 1961 16 July 1961
14 Chun Byung-kyu 22 July 1961 16 June 1962
15 Kim Se-ryun 18 June 1962 8 February 1963
16 Hwang Jong-ryul 8 February 1963 16 December 1963
17 Park Dong-kyu 17 December 1963 26 June 1964 Third Republic of Korea
18 Rhie Jung-han 26 June 1964 5 December 1964
19 Hong Seung-hi 5 December 1964 16 November 1965
20 Kim Chung-yum 25 November 1965 26 September 1966
21 Kim Hak-ryeol 26 September 1966 27 December 1966
22 Suh Bong-kyun 27 December 1966 21 May 1968
23 Hwang Jong-ryul 21 May 1968 21 October 1969
24 Nam Duck-woo 21 October 1969 18 September 1974 Fourth Republic of Korea
25 Kim Yong-hwan 18 September 1974 22 December 1978
26 Kim Won-ki 22 December 1978 22 May 1980
27 Lee Seung-yun 22 May 1980 4 January 1982
28 Rha Woong-bae 4 January 1982 24 June 1982 Fifth Republic of Korea
29 Kang Kyong-shik 24 June 1982 15 October 1983
30 Kim Mahn-je 15 October 1983 8 January 1986
31 Chung In-yong 8 January 1986 26 May 1987
32 Sakong Il 26 May 1987 4 December 1988 Roh Tae-woo
33 Lee Kyu-sung 5 December 1988 18 March 1990
34 Chung Yung-euy 19 March 1990 26 May 1991
35 Rhee Yong-man 27 May 1991 24 February 1993
36 Hong Jae-hyong 25 February 1993 4 October 1994 Kim Young-sam
37 Park Jae-yoon 5 October 1994 23 December 1994
Deputy Prime Minister and Minister of Finance and Economy (1994-1998)
1 Hong Jae-hyong 23 December 1994 20 December 1995 Kim Young-sam
2 Rha Woong-bae 20 December 1995 8 August 1996
3 Han Seung-soo 8 August 1996 5 March 1997
4 Kang Kyong-shik 5 March 1997 19 November 1997
5 Lim Chang-yuel 19 November 1997 5 March 1998
Minister of Finance and Economy (1998-2001)
1 Lee Kyu-sung 5 March 1998 24 May 1999 Kim Dae-jung
2 Kang Bong-kyun 24 May 1999 14 January 2000
3 Lee Hun-jai 14 January 2000 7 August 2000
Deputy Prime Minister and Minister of Finance and Economy (2001-2008)
1 Jin Nyum 7 August 2000 15 April 2002 Kim Dae-jung
2 Jeon Yun-churl 15 April 2002 27 February 2003
3 Kim Jin-pyo 27 February 2003 10 February 2004 Roh Moo-hyun
4 Lee Hun-jai 10 February 2004 7 March 2005
5 Han Duck-soo 14 March 2005 18 July 2006
6 Kwon O-kyu 18 July 2006 29 February 2008
Minister of Economy and Finance (2008-2013)
1 Kang Man-soo 29 February 2008 9 February 2009 Lee Myung-bak
2 Yoon Jeung-hyun 10 February 2009 1 June 2011
3 Bahk Jae-wan 2 June 2011 22 March 2013
Deputy Prime Minister and Minister of Economy and Finance (2013–present)
1 Hyun Oh-seok 22 March 2013 14 July 2014 Park Geun-hye
2 Choi Kyoung-hwan 15 July 2014 12 January 2016
3 Yoo Il-ho 13 January 2016 8 June 2017
4 Kim Dong-yeon 9 June 2017 10 December 2018 Moon Jae-in
5 Hong Nam-ki 11 December 2018 9 May 2022
6 Choo Kyung-ho 10 May 2022 28 December 2023 Yoon Suk-yeol
7 Choi Sang-mok 29 December 2023 Incumbent

See also

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References

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