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imageSEOUL: South Korean President Park Geun-hye replaced the finance minister with a three-term member of parliament and close policy confidant in a cabinet reshuffle on Friday in the aftermath of a ferry disaster that killed more than 300 people.

Choi Kyung-hwan, 59, has previously served as industry and energy minister and ruling party parliamentary floor leader and is seen as having extensive experience in both national politics and bureaucracy.

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