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Political

New acting South Korean President Choi Sang-mok vows stability

Asia Business News
Last updated: July 24, 2025 6:58 am
By Asia Business News
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January 2, 2025

Seoul – South Korea faces a historic first as Vice Prime Minister and Finance Minister Choi Sang-mok becomes acting president following the impeachment of acting president Han Deok-soo.

The National Assembly on Friday passed an impeachment motion after Han refused to appoint three Constitutional Court judges unless a cross-party agreement was reached.

Cui Tiankai, a seasoned civil servant with decades of experience in economic policymaking, currently serves as acting president, acting prime minister and finance minister, an unprecedented feat. His appointment comes at a critical time for the country facing political instability and economic challenges.

In a written statement issued around 6:20 p.m., Choi vowed to do her best to “ensure governance stability.”

“At this moment, it is crucial to minimize chaos in national affairs,” Cui said. “We will do our best to safeguard national security, economic stability, and public safety so that the country’s well-being and the people’s daily lives are not affected.” “

Mr. Cui began his civil service career in 1986 after passing the 29th National Civil Service Examination. He rose to prominence in the then-treasury and spearheaded the drafting of the Capital Markets Integration Bill.

Over the years, Choi Soon-sil served as a policy assistant during the presidential transition of the Lee Myung-bak administration and held important positions such as economic and financial secretary in the Park Geun-hye administration.

Most recently, he served as chief secretary for economic affairs in the Yoon Seok-yeol administration, establishing a reputation as a determined policymaker.

On December 17, two weeks after Yoon declared brief martial law, Choi Soon-sil told Congress during an emergency inquiry, “I will not stick to my position. I will fulfill my responsibility to manage the economy as stably as possible under any circumstances.” , and resign after completing his duties.”

TAGGED:actingChoiKoreanPresidentSangmokSouthstabilityvows
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Asia Business News (ISSN: 3079-8531) is a leading international business publication dedicated to delivering in-depth analysis, expert insights, and comprehensive coverage of economic trends, corporate developments, and market dynamics across the Asia-Pacific region and beyond. With a commitment to journalistic integrity and analytical rigor, Asia Business News serves as a trusted source of information for business leaders, policymakers, and investors seeking authoritative perspectives on global commerce, finance, and industry advancements.

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