![\"President](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/09\/news-p.v1.20260906.f1b74792111240649210706902220d03_P1.jpg\")
\uc0ac\uc9c4 \ud655\ub300 President Lee Jae Myung talks with Lee Hyung-il, a nominee for deputy prime minister and minister of finance and economy, at a Cabinet meeting held at Cheong Wa Dae on the 1st. Reporter Kim Ho-young <\/p>\n
“We could cancel the nomination of the Minister of Finance and Economy, are you sure?” At a Cabinet meeting on the 1st, President Lee Jae Myung asked Lee Hyung-il, a nominee for Deputy Prime Minister and Minister of Finance, who said he would definitely control Chuseok prices. President Lee immediately added, “It’s an excessive joke,” and many media outlets wrote it as a “bone joke.” Isn’t Lee the first candidate for deputy prime minister for economy to hear a joke that he could “cut it?”<\/p>\n
South Korea’s finance minister is the “senior minister.” Long before the Minister of Science and ICT was elevated to deputy prime minister, he was deputy prime minister. Under the Constitution, the prime minister is in charge of the Cabinet, but the role of captain or midfielder in coordinating work between ministries was up to the finance minister.<\/p>\n
There were many star players on the spot. Kim Jeong-ryeom of the 3rd Republic, Nam Deok-woo of the 4th Republic, Kim Man-je of the 5th Republic, and Sagongil of the 6th Republic are the ‘main players’ who led the development era. There was an aura like a man of talent and wise man representing each era. The image of an economic president. Lee Heon-jae, who served as deputy prime minister in two governments, Kim Kim Dae Jung and Kim Roh Moo Hyun, and Yoon Jeung-hyun of the Kim Lee Myung Bak administration also felt the weight of joining the ranks.<\/p>\n
Since the Park Geun Hye government, it has become difficult to see a middle-class or higher deputy prime minister. It may be because of the times or the characters, but only featherweight and lightweight deputy prime ministers came in and out. The budgeting function of the Lee Jae Myung government has been reduced from the Ministry of Finance to the Ministry of Strategy and Finance. Koo Yoon-chul, the first deputy prime minister, heard about the replacement on his business trip. Lee Hyung-il is the incumbent first vice finance minister. Now, the deputy prime minister is in the position where the vice minister goes directly. In the end, jokes such as “withdrawal of nomination if you can’t understand” come and go in front of your face. It seems that the Minister of Finance and Economy’s weight class has come down to the light fly class.<\/p>\n
When this administration was launched, I heard a presidential supporter praise Lee Jae Myung as a policy genius. I thought to myself, “It’s difficult if the president is a policy genius.” Why did the word “policy genius” come out. It means that there’s nothing that you don’t know about Mi-Joo. Under this leadership, it is difficult for the person below to express his or her thoughts. You only get to do what you’re told to do.<\/p>\n
Hong Ji-sun, who was nominated for the Minister of Land, Infrastructure and Transport, served as the head of the Gyeonggi-do Urban Housing Office under the Lee Jae Myung branch. The president is at a different level from the governor of Gyeonggi-do, and the Minister of Land, Infrastructure and Transport is at a different level from the head of Gyeonggi-do. If the levels are different, the western style should also be different. Will Hong be able to speak differently from the president in real estate. Will Lee Hyung-il, who has risen from vice minister to deputy prime minister, be able to discuss macroeconomic issues with the president. It’s not a report or dictation, it’s a discussion that expresses opinions.<\/p>\n
The state affairs performance of the ‘policy genius’ president is falling sharply as he enters his second year. I think it may be because the president does not receive proper assistance. The president is a profession that should not be aimed at experts in a particular field. Even if you have more than average knowledge of real estate, stocks, finance, and finance, you should not act like an expert. Then real experts will shut up and state affairs will be unprofessional.<\/p>\n
In the presidential system, if the president acts like an expert, state affairs converge on the president’s personal level. The president’s thoughts are not filtered out, but it becomes a policy right away. I suspect that most of the state administration is now operating in that way. I don’t know if there is at least one minister in the cabinet who can say ‘that’s not it’ to the president.<\/p>\n
The qualities required of a republican president are the eye for finding the right person, the skill of delegation, the listening ear, the intelligence to see through and comprehensively judge the core, and the courage of decision. The top president in the evaluation of past U.S. presidents has always been the owners of this ability. There are few experts in a specific field, and no one has demonstrated expertise in many fields. Whenever I watch a Cabinet meeting or a national report, I am surprised by the expertise of President Lee Jae Myung. I wonder if there’s a field he’s not specializing in. Ministers and heads of institutions, who should be experts in front of them, are busy dictating with their heads down.<\/p>\n
In the past, presidents selected talented people of the time as deputy prime minister and gave them the baton that “the economy is your responsibility.” There was also a time when I was considering Samgo. Will the deputy prime minister be cut if he fails to manage Chuseok prices? What fills the void in this critical role. Is it the personal talent of the “policy genius” president.<\/p>\n
Editorial Writer Nowon-myung<\/p>\n","protected":false},"excerpt":{"rendered":"\uc0ac\uc9c4 \ud655\ub300 President Lee Jae Myung talks with Lee Hyung-il, a nominee for deputy prime minister and minister…\n","protected":false},"author":2,"featured_media":144426,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[73247,69411,31,146,73246,16161,49916,73245,33,60105],"class_list":["post-144425","post","type-post","status-publish","format-standard","has-post-thumbnail","category-south-korea","tag-and-chancellor-of-the-exchequer-price","tag-deputy-prime-minister-for-economy","tag-korea","tag-lee-jae-myung","tag-minister-of-finance-and-economy","tag-ministry-of-finance-and-economy","tag-reporter-kim-ho-young","tag-senior-minister","tag-south-korea","tag-state-council"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/144425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=144425"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/144425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/144426"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=144425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=144425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=144425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}