SEOUL - South Korea's presidential office on Wednesday named a new prime minister and finance minister in the wake of a scandal involving President Park Geun-hye and a friend who allegedly meddled with state affairs.

The Blue House said it named Yim Jong-yong, the Financial Services Commission chairman, as the new finance minister and deputy prime minister.

It also named Kim Byong-joon as the new prime minister. Kim was a former senior presidential secretary during former President Roh Moo-hyun's administration.