Sangjo Kim, Chief of Blue House Policy Office, Resigns... Lee Hoseung Appointed as Successor Economic Chief (Update)

Chief Kim Sang-jo Resigns Taking Responsibility for Jeonse Price Increase Controversy... Yoo Young-min Announced as Successor to Blue House Chief Secretary

[Image source=Yonhap News]

[Asia Economy reporters Ryu Jeong-min and Lee Ji-eun] On the 29th, President Moon Jae-in appointed Lee Ho-seung, Senior Secretary for Economic Affairs at the Blue House, as the new Chief of Policy.

Yoo Young-min, Chief Secretary to the President, said on the same day, "The new Chief of Policy, Lee Ho-seung, has a deep understanding of overall economic policies such as disaster relief funds, the Korean New Deal, and real estate policies during his tenure at the Presidential Secretariat of the current administration."

Meanwhile, Kim Sang-jo, the outgoing Chief of Policy at the Blue House, apologized, saying, "I am sorry for causing great disappointment to the public." Earlier, during the '2021 Public Official Property Report' process, Kim was involved in controversy for raising the jeonse price of his apartment in Gangnam, Seoul, which he owned, by 14% two days before the enforcement of the 'Lease 3 Acts.'

Although it is difficult to consider this illegal since it occurred before the law was enforced, it led to a controversy over morality.

This content was produced with the assistance of AI translation services.