Life Summary
Choi Sang-mok is the second Deputy Prime Minister and Minister of Economy and Finance under the Yoon Suk-yeol administration. He continues the fiscal prudence policy in line with President Yoon's commitments.

Choi Sang-mok previously served as the first Chief Economic Secretary to the President's Office in the Yoon Suk-yeol administration.

He faces numerous challenges, including stabilizing high household debt in South Korea, controlling inflation, recovering exports, and stimulating the economy.

He must immediately address the issue of real estate project financing (PF) defaults due to economic slowdown and high interest rates, preventing a chain of bankruptcies among construction and financial companies and achieving a soft landing.

He was born on June 7, 1963, in Seoul.

He graduated from Osan High School in Seoul and earned a bachelor's degree in law from Seoul National University, followed by a Ph.D. in economics from Cornell University in the United States.

He entered public service as part of the 29th class of the Administrative Examination and worked at the Ministry of Finance and Economy (now the Ministry of Economy and Finance) and the Financial Services Commission.

At the Ministry of Economy and Finance, he held positions such as Director of Policy Coordination and Director of Economic Policy, eventually becoming the Director of Policy Cooperation.

During the Park Geun-hye administration, he served as Secretary for Economic and Financial Affairs in the Presidential Secretariat and the First Vice Minister of Economy and Finance, and after the inauguration of the Yoon Suk-yeol administration, he was appointed as the first Chief Economic Secretary.

On December 29, 2023, he was appointed as the Deputy Prime Minister and Minister of Economy and Finance.

He is known as a "smart and diligent" type of boss and has been chosen as a "role model boss" due to the trust he garners from his juniors.

His determination and leadership stand out as he persistently pursues what he believes to be right.

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