Ministry of Economy and Finance (South Korea)

Ministry of Economy and Finance
Republic of Korea
기획재정부

MOEF headquarters in Sejong
Agency overview
FormedFebruary 29, 2008
Preceding agencies
  • Ministry of Finance (1948–1994)
  • Ministry of Finance and Economy (1994–2008)
  • Ministry of Planning and Budget (1999–2008)
  • Ministry of Strategy and Finance (2008–2018)
JurisdictionGovernment of South Korea
HeadquartersGovernment Complex-Sejong, 477, Galmae-ro, Sejong-si 30109, South Korea
Minister responsible
  • Kim Beom-seok (acting), Minister
Deputy Ministers responsible
  • Kim Beom-suk, 1st Vice Minister (in charge to Fiscality and Politic)
  • Kim Yoon-sang, 2nd Vice Minister (in charge to budget and finance)
Child agencies
Websiteenglish.moef.go.kr
Footnotes
Korean name
Hangul
기획재정부
Hanja
企劃財政部
RRGihoek jaejeongbu
MRKihoek chaejŏngbu

The Ministry of Economy and Finance (MOEF; Korean: 기획재정부) oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy, known as the "Green Book." The current minister is Choi San-mok. The headquarters is in the Sejong Government Complex in Sejong City.

According to Chapter 3 Article 19 of the Government Organisation Act, the Minister of Economy and Finance also acts as the Deputy Prime Minister, together with the Minister for Education.

MOEF has enforcement functions as well. It oversees the National Tax Tribunal and the Financial Intelligence Unit.

The ministry was formed in 1994 through the merger of the old Economic Planning Board (est. 1961) and Ministry of Finance (est. 1948).

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.