President Lee Jae Myung approved Lee Hyoung-il, also rendered Lee Hyung-il in the source, as deputy prime minister and minister of finance and economy; Kang Shin-chul as minister of national defense; and Hong Jee-sun as minister of land, infrastructure and transport on Sept. 22. After taking office, Lee Hyoung-il ordered a ground-up review of risks across the real economy, real estate, financial and foreign exchange markets, citing semiconductor conditions, global capital-flow changes and geopolitical instability. He called for stronger macroeconomic analysis, preemptive responses, continuity in ministry operations and close management of U.S. investment projects, while reaffirming price stability, broader distribution of growth and a higher potential growth rate as priorities. The National Assembly adopted the confirmation reports for Lee Hyoung-il and Kang on Sept. 17 and Hong on Sept. 21, while Lee So-young’s report for minister of SMEs and startups remained unprocessed after a committee meeting was canceled over disagreement about parliamentary audit witnesses.