President Lee Jae Myung's administration announced a cabinet reshuffle on August 30, nominating Lee Hyoung-il as finance minister and deputy prime minister, Kang Shin-chul as defense minister, and Kim Seung-won as justice minister. Additional appointments include Hong Jee-sun for land, Yong Hye-in for gender equality, and Lee So-young for small and medium-sized enterprises. The moves precede the expected release of the 2027 budget the following week.