Home Stock Market S.Korea’s Yoon says he’ll transfer presidential workplace to defence ministry By Reuters

S.Korea’s Yoon says he’ll transfer presidential workplace to defence ministry By Reuters

S.Korea’s Yoon says he’ll transfer presidential workplace to defence ministry By Reuters

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© Reuters. South Korea’s president-elect Yoon Suk-yeol speaks throughout a information convention to deal with his relocation plans of the presidential workplace, at his transition crew workplace, in Seoul, South Korea, March 20, 2022.Jung Yeon-je/Pool by way of REUTERS

By Josh Smith and Minwoo Park

SEOUL (Reuters) – South Korean president-elect Yoon Suk-yeol, breaking with many years of custom, stated on Sunday he’ll transfer the presidential workplace from the Blue Home to the defence ministry compound, a step estimated to price $40 million.

Yoon, who narrowly received a bitter March 9 election, had pledged to relocate the workplace to a extra accessible place, and open the Blue Home in Seoul to the general public.

He additionally stated on Sunday he would transfer his official residence to Hannam-dong, a neighbourhood that homes many enterprise executives and diplomats.

Yoon’s plans have met with combined reactions from South Koreans, as even supporters urge Yoon to restrict the inconvenience to individuals and companies close to the brand new places.

The Blue Home transfer whipped up a fierce debate amongst feng shui consultants after some rival Democratic Social gathering officers accused Yoon of being influenced by masters of the traditional type of geomancy that originated in China.

The defence ministry headquarters is within the Yongsan neighbourhood of the capital, subsequent to an enormous former U.S. navy base that has largely closed down and moved to south of town.

“It is troublesome, but it surely’s a call I made for the way forward for the nation,” Yoon advised a information convention. “I earnestly ask the individuals to grasp that this isn’t merely a relocation of the place however my dedication to serve the individuals, work correctly and hold my promise with the individuals.”

Feng shui masters have stated the Blue Home location was inauspicious. 4 of the six presidents within the nation’s 25-year democratic historical past have been imprisoned or killed themselves after leaving workplace.

Yoon’s crew has dismissed any strategies the transfer was influenced by such concerns, saying it could enhance public entry and communications with aides, and that the Blue Home govt mansion had grow to be a “royal palace,” remoted and enclosed by forests and tight safety.

Outgoing President Moon Jae-in had additionally stated he would discover a new workplace however deserted the plan for safety and logistical causes.

Yoon stated the defence ministry compound is already effectively outfitted with nationwide safety and command amenities, making it straightforward to transition there with out compromising safety or inconveniencing residents.

The Ministry of Financial system and Finance estimates the transfer will price 49.6 billion received ($40.1 million), together with relocating the defence ministry and renovating each the brand new workplace and official residence.

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