SEOUL, Dec 21: South Korean President Park Geun hye named a former land minister as the new finance minister to succeed Choi Kyung-hwan, who has expressed his intention to resign to run for parliamentary elections early next year, an official at the presidential office said. Yoo Il-ho, a former Land, Infrastructure and Transport Minister, is not required to obtain a parliamentary approval but has to go through verification hearings before assuming the top post in managing Asia’s fourth-largest economy. (AGENCIES)
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