South Korean finance minister resigns

South Korea's finance minister resigned on Monday 7 March over media allegations about his involvement in lucrative real estate deals.

President Roh Moo-hyun accepted the resignation of Lee Hun-jai but did not immediately name a successor, Yonhap news agency reported.

The resignation of Lee - who helped steer the economy through a two-year slump in consumption, soaring oil prices and a spike in the local currency in his second stint as minister - comes at a tricky time for the country.

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