Ministry of Economy and Finance (South Korea)

Ministry of Economy and Finance
Republic of Korea

기획재정부 企劃財政部 Gihoek Jaejeong-bu
MOEF headquarters in Sejong
Agency overview
Formed	February 29, 2008
Preceding agencies	Ministry of Finance (1948–1994) Ministry of Finance and Economy (1994–2008) Ministry of Planning and Budget (1999–2008) Ministry of Strategy and Finance (2008–2018)
Jurisdiction	Government of South Korea
Headquarters	Government Complex-Sejong, 477, Galmae-ro, Sejong-si 30109, South Korea
Minister responsible	Choi Sang-mok, Minister
Deputy Ministers responsible	Kim Beom-suk, 1st Vice Minister (in charge to Fiscality and Politic) Kim Yoon-sang, 2nd Vice Minister (in charge to budget and finance)
Child agencies	National Tax Service Korea Customs Service Statistics Korea Public Procurement Service
Website	english.moef.go.kr

The Ministry of Economy and Finance (MOEF; Korean: 기획재정부; Hanja: 企劃財政部) oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy, known as the "Green Book."^[1] The current minister is Choi San-mok. The headquarters is in the Sejong Government Complex in Sejong City.^[2]

According to Chapter 3 Article 19 of the Government Organisation Act, the Minister of Economy and Finance also acts as the Deputy Prime Minister, together with the Minister for Education.^[3]

MOEF has enforcement functions as well. It oversees the National Tax Tribunal and the Financial Intelligence Unit.

The ministry was formed in 1994 through the merger of the old Economic Planning Board (est. 1961) and Ministry of Finance (est. 1948).