"With this (decision) Yoon is trying to make sure there is policy continuity in place ahead of election," said Park Sang-hyun, an economist at HI Investment & Securities.
"Choi has been long-time finance ministry person and he basically spearheaded major economics policies of the Yoon administration from the very beginning so its a safe choice."
Choi has a bachelor's degree from the Seoul National University law school, where Yoon also studied around the same time.
Choi's career in government service has been mostly at the finance ministry, overseeing economic policy making, financial market policies, and external business relations.
Yoon doesn’t need parliamentary approval to appoint a new finance minister, who also serves as deputy prime minister.
Persons:
Yoon Suk, Choi Sang, mok, Choi, Choo, Yoon, Yoon's, Yoon doesn’t, Soo, hyang Choi, Ed Davies
Organizations:
HI Investment, Securities, Gallup, Bank of, Seoul National University, Thomson
Locations:
SEOUL, Gallup Korea, Daegu