SEOUL: South Korean President Park Geun-Hye replaced her minister in charge of economic affairs on Monday in a cabinet revamp affecting five ministers.

Yoo Il-Ho, a ruling party lawmaker, replaced Choi Kyoung-Hwan who took up the post in June last year following a previous reshuffle triggered by the April 2014 Sewol ferry disaster, which claimed nearly 300 lives, mostly schoolchildren.

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