President Lee Myung-bak announced five new nominees for the Cabinet today. They are Bahk Jae-wan, Minister of Employment and Labor, as the new Minister of Strategy and Finance; Kwon Do-youp, former first Vice Minister of the Ministry of Land, Transport and Maritime Affairs (MLTM), as Minster of the MLTM; Lee Chae-pil, incumbent Vice Minister of Employment and Labor, as the Minister of Employment and Labor; Suh Kyu-yong, former Vice Minister of Agriculture and Forestry, as Minister for Food, Agriculture, Forestry and Fisheries; and Dr. Yoo Young-sook, Senior Researcher of the Korea Institute of Science and Technology, as Minister of Environment.