The government approved the reorganization bill at a Cabinet meeting on Friday.
The endorsement came after the National Assembly earlier in the day passed a bill to reorganize the government under new President Park Geun-hye following a near-two-month parliamentary impasse that blocked the administration from fully forming.
The revision endorses the creation of two ministries -- the future creation and science ministry and the Ministry of Maritime Affairs and Fisheries – and the promotion of finance minister to the post of deputy prime minister, as well as the reassignment of responsibilities among existing offices, such as the transfer of trade negotiating functions from the foreign ministry to the commerce ministry, among other things.
The Ministry of Foreign Affairs and Trade will be renamed the Ministry of Foreign Affairs.
Under the new portfolio, the Park administration will have 17 ministries, three lower-level ministries and 17 offices. The previous government of Lee Myung-bak had 15 ministries, two lower-level ministries and 18 offices.
The changes will take effect on Saturday and they're expected to force relocation of some 1,400 civil servants, according to the office of the prime minister.