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President Park appoints Kim Byong-joon as new prime minister Updated: 2016-11-02 18:04:35 KST

(Opening)
"Conn-young.
President Park's designation of a liberal prime minister could mark the beginning of a politically neutral cabinet, one where the new prime minister would have greater power over domestic affairs, while the head of state would focus on external affairs, including diplomacy and defense."

President Park Geun-hye has named a new prime minister and deputy prime minister, in an effort to set up a new and more balanced cabinet to carry her administration through the remainder of her term.
Kim Byong-joon, a professor at Kookmin University of public administration, who once served as the policy chief to the late President Roh Moo-hyun, is the nominee for prime minister.


"We expect the nominee to fulfill his role as prime minister, meeting the public's deeds with policies catering to the people from their perspective.
He is the right person to overcome the current crisis and lead the cabinet for the nation's future."

Meanwhile, current Prime Minister Hwang Kyo-ahn canceled a planned handover ceremony on Wednesday to take care of state affairs, because the prime minister nominee will have to undergo a parliamentary confirmation hearing before he can take the post.
Financial Services Commission chairman Yim Jong-yong was named to replace Yoo Il-ho as deputy prime minister and finance minister.
The presidential office said Yim, with his depth of experience in both the public and private sectors of finance and the economy, is the right person to carry out the government's major reform drives.
President Park has also named former vice minister of Gender Equality & Family, Park Seung-joo, to serve as the new minister for Public Safety and Security, based on a recommendation from the new prime minister nominee.

(Closing)
"Now all eyes are on how the two will organize the power structure, with Kim saying he will outline the details at a press conference Thursday.
The president herself could stand in front of the public to explain to what extent she will yield to the new PM. The top office also hinted that the Prime Minister would take a leading role in carrying out a constitutional revision that could change the current 5-year single term presidency, proposed by Park over a week ago, just before the scandal broke out.
Conn-young."
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