The Republic of Korea's (ROK) president-elect announced yesterday what analysts described as an experienced but bland Cabinet, naming veteran bureaucrats to the key posts of finance and foreign affairs.

Lee Myung-bak, a conservative former construction firm boss who takes office on Feb 25, has pledged to encourage business investment and boost the economy while mending ties with allies the United States and Japan.

"I've promised to revive the economy," Lee told a news conference announcing his Cabinet. "The first step would be to make a small but effective and capable government."