It was Park's first major cabinet shake-up since taking office in February last year as South Korea's first female president.
The most high-profile change will see Choi Kyoung-Hwan, a ruling party lawmaker, replacing Hyun Oh-Seok as finance minister in charge of the economy, the presidential Blue House said.
Also Read
Chong Jong-Sup, a Seoul National University law professor, was named to head the ministry of security and public administration, which will take the lead in implementing promised reforms following the Sewol disaster, which claimed nearly 300 lives, mostly schoolchildren.
The tragedy stunned South Korea, knocking the entire country off its stride and unleashing a wave of public anger, as it emerged that incompetence, corruption and greed had all contributed to the scale of the disaster.
Park's administration was sharply criticised over its response, prompting her to dismantle the coastguard and order a major overhaul of national safety standards and procedures.
Earlier this week, Park nominated a new prime minister to replace Chung Hong-Won, who was forced to resign over the Sewol tragedy.
The president also named a new director of the domestic spy agency, the National Intelligence Service.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)