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Moon names seasoned economic hand as South Korea's prime minister

President banks on Chung Sye-kyun to boost fortunes ahead of general election

South Korea President Moon Jae-in, right, named former National Assembly speaker Chung Sye-kyun as prime minister. (Nikkei Montage/ Source photos by Getty Images and Reuters)

SEOUL -- South Korean President Moon Jae-in on Tuesday appointed former National Assembly speaker Chung Sye-kyun as prime minister, banking on the businessman-turned-politician to breathe life into the economy ahead of April's general election.

Moon said that the six-term lawmaker is the right person to replace Lee Nak-yon, who will return to Moon's ruling Democratic Party to lead its election campaign. Lee is expected to run as the party's candidate for the presidency in 2022.

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