South Korea’s third acting leader, Lee Ju-ho, a low-key economist, has taken the helm of Asia’s fourth-largest economy amidst deep turmoil. The 64-year-old education minister was thrust into the role after the resignations of both the prime minister and finance minister.
Lee faces a critical challenge in calming financial markets and steering the country through its economic and social crises. He vows to prepare for financial market volatility and minimize economic uncertainty, while also addressing nuclear threats from North Korea and maintaining international relations.
A former professor at the Korea Development Institute think tank, Lee has experience in labour market economics and education innovation. However, his previous stints in government have been marred by criticism over policies that deepened inequity in education and worsened university admissions chaos.
With a June 3 snap presidential election looming, Lee must navigate these complex issues while working closely with the cabinet and parliament to maintain stability. Despite facing an uphill battle, he remains committed to resolving disputes between the government and medical students and implementing innovative education reforms.
Source: https://www.reuters.com/world/asia-pacific/south-koreas-third-acting-president-is-low-key-economist-helm-amid-deep-turmoil-2025-05-02