South Korea's President Lee Jae-myung appointed Park Jung-sung, Deputy Minister of Trade of the Ministry of Industry and Resources, as Minister of Trade on the 21st. On August 14, former Trade Secretary Lui Han-jeou, known as the “Chief Trade Negotiator,” was suddenly dismissed due to investment pressure brought about by the US Trump administration. This appointment is only a week past his dismissal. The new Trade Secretary Park previously served as Director of the Trade and Investment Bureau of the Ministry of Industry and Resources, Deputy Minister of Trade, Co-Chairman of the World Trade Organization Investment Facilitation Negotiations, and the Chief Representative of the US Tariff Negotiation Working Group. He has been working in the field of trade and trade policy for nearly 30 years and has held core positions for a long time. A senior spokesperson for Cheongwadae explained the appointment: “This official will use mature negotiation strategies to handle complex trade issues. He has led negotiations related to US tariffs and investment. Facing urgent trade issues with the US, he is the right person to guarantee the continuity of the negotiations and safeguard national interests to the greatest extent possible.”

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