South Korea’s acting president Choi Sang-mok assumed office on December 27, 2024, following the impeachment of then-acting President Han Duck-soo. Han was removed by the National Assembly due to disputes with the opposition over appointing Constitutional Court justices, who are overseeing the impeachment trial of President Yoon Suk Yeol. Yoon was impeached on December 14 after briefly declaring martial law on December 3, 2024. Han’s impeachment intensified political instability, and Choi became the second acting president in just two weeks.
Choi Sang-mok’s Experience and Economic Leadership
A trusted ally of President Yoon, Choi Sang-mok has held key roles since 2022, including economic secretary and finance minister. Known for his opposition to Yoon’s martial law plan, Choi gained respect from opposition lawmakers who consider him a stabilizing figure amid political chaos.
With over 30 years of experience in the finance ministry, Choi brings deep expertise to a nation grappling with economic uncertainty. He has actively led efforts to stabilize financial markets, offering unlimited liquidity and strengthening international confidence by communicating with U.S. Treasury Secretary Janet Yellen and global finance leaders.
Upon taking office, South Korea’s acting president Choi emphasized restoring economic credibility and stabilizing state affairs. His efforts are crucial as the South Korean won has plummeted to its lowest level since March 2009 amid investor concerns over prolonged political turmoil.
National Tragedy Strikes Amid Leadership Transition
Choi’s leadership faced an immediate test less than 48 hours into his role when Jeju Air flight 7C2216 crashed at Muan International Airport, killing most of the 181 passengers on board. Choi swiftly visited the crash site, declaring it a special disaster zone. He also pledged full government support for recovery and prevention measures. However, the abrupt transition in leadership revealed internal confusion, with government officials still navigating chain-of-command protocols and media communication processes. Choi is now overseeing coordination with transportation and safety ministries to manage the aftermath of the tragedy effectively.
