Seoul: A parliamentary committee on Tuesday adopted a confirmation hearing report for Budget Minister nominee Park Hong-keun. The National Assembly's strategy and finance committee approved Park's nomination with bipartisan agreement following Monday's confirmation hearing.

According to Yonhap News Agency, Park, a four-term lawmaker of the ruling Democratic Party, was tapped earlier this month by President Lee Jae Myung as the nominee to head the newly launched Ministry of Planning and Budget. His nomination came more than a month after Lee withdrew his earlier pick, opposition politician Lee Hye-hoon, following a series of controversies over alleged misconduct, including suspicious real estate dealings involving her family.