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South Korean President Moon sacks top economic policy aides as economy cools

Key Points
  • President Moon appointed Korea Fair Trade Commission Chairman Kim Sang-jo as his chief policy secretary and First Vice Finance Minister Lee Ho-seung as his top economic policy secretary, the presidential office said.
South Korea's new President Moon Jae-In speaks during a press conference at the presidential Blue House in Seoul.
Jung Yeon-Je | Pool | Reuters

South Korean President Moon Jae-in on Friday sacked both of his top economic policy aides as the nation's economy, the fourth-largest in Asia, cools sharply this year.

President Moon appointed Korea Fair Trade Commission Chairman Kim Sang-jo as his chief policy secretary and First Vice Finance Minister Lee Ho-seung as his top economic policy secretary, the presidential office said.

They replace Kim Soo-hyun and Yoon Jong-won, as the government's stewardship of the economy has come under criticism from opposition parties and investors.