Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleSouth Korea's parliament approves Kim Min-seok as Prime Minister, supporting President Lee Jae Myung's new cabinet formation. Economic recovery is prioritized.
SEOUL (Reuters) -South Korea's parliament approved on Thursday the nominee for prime minister, Kim Min-seok, a veteran lawmaker and a political ally of President Lee Jae Myung, paving the way for the liberal leader to form a new cabinet after his election win on June 3.
Kim made waves when he predicted in August last year that former President Yoon Suk Yeol may declare martial law, roughly three months before his short-lived decree to impose military rule. Yoon was ousted in April over the move.
Kim has said economic recovery would be his top priority for the job if he was approved.
(Reporting by Jack Kim and Joyce LeeEditing by Ed Davies)
The South Korean parliament approved Kim Min-seok as the new Prime Minister.
Kim Min-seok predicted that former President Yoon Suk Yeol might declare martial law, which occurred shortly after his prediction.
Kim Min-seok has stated that economic recovery will be his top priority if he is approved for the position.
Explore more articles in the Headlines category
