South Korean President Yoon Suk-yeol gives a speech on the government budget at the National Assembly in Seoul, South Korea, 31 October 2023.
JEON HEON-KYUN/Pool via REUTERS/File photo Acquire Licensing RightsSEOUL, Dec 4 (Reuters) - South Korean President Yoon Suk Yeol is likely to announce a major cabinet reshuffle as early as Monday, with as many as 10 ministers including the finance minister set to be replaced, Yonhap news agency reported.
The financial regulator head could also be replaced, the Korea Economic Daily reported on Monday, also citing unidentified sources.
Some cabinet members are widely expected to stand down to capitalise on their increased profile to run as political candidates.
Yoon does not require parliamentary approval to appoint a finance minister, who also serves as deputy prime minister.
Persons:
Yoon Suk, JEON HEON, Yonhap, Park, Choo Kyung, Choi Sang, Yoon, Hyunsu Yim, Cynthia Kim, Ed Davies, Christopher Cushing
Organizations:
South, National Assembly, Rights, Korea Economic, Foreign, Finance, Democratic Party of Korea, Thomson
Locations:
Seoul, South Korea, Rights SEOUL, Korea, Busan