Reshuffle Aimed at Continued, Sustainable Economic Reform Policy
Yesterday's reshuffle of Cabinet ministers appears to be large in scale -- 11 of 17 ministers were reappointed -- but changes in economic posts were small, showing that the Kim Dae-jung administration is not looking for major changes.
Finance and Economy Minister Kang Bong-kyun is expected to sustain his policy of pushing large conglomerates to continue their restructuring programs as he had as senior presidential secretary for economic affairs.
Chief presidential secretary Kim Joong-kwon said the reshuffle is aimed at making certain that the pace of reform is on track.
``The formation of the new Cabinet is certainly designed to sustain the reform toward the 21st century but to the extent that it helps establish a knowledge-based economy,'' Kim said.
And the reality of the matter is that the changes in the economic team are small, with Budget and Planning Office chief Jin Nyum moving on to the post of Minister of Budget and Planning Ministry.
Other notable changes are the appointment of Chung Duck-koo, vice minister of finance and economy, as Commerce, Industry and Energy Minister, which again does not change the big picture.
``The reshuffle is generally aimed at installing a new team without disrupting the continuity of the reform and restructuring process,'' said one official of Chong Wa Dae after the formal announcement. …