The announcement on replacing Finance Minister Kim Dong-yeon could be made before Moon leaves for Singapore on Nov. 13 for annual summits with Southeast Asian and other regional partners, the official said.
|Finance Minister Kim Dong-yeon (Yonhap)|
Moon will visit Papua New Guinea on Nov. 17 and 18 for a meeting of Asia-Pacific Economic Cooperation forum.
Hong Nam-ki, chief of the Office for Government Policy Coordination, is tipped as a favorite to succeed Kim.
The move comes after Kim displayed sharp differences with Jang Ha-sung, presidential chief of staff for policy, over how to handle Asia's fourth-largest economy, with Kim voicing a need to alter the existing "income-driven" growth policy and Jang insisting on sticking to a distribution-centered policy. (Yonhap)