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North Korea names new premier

By the CNN Wire Staff

(CNN) -- North Korea named Choe Yong Rim as its new premier Monday, replacing Kim Yong Il at a session of the Supreme People's Assembly, the state-run Korean Central News Agency reported.

It was not immediately known why Kim, elected to the post in 2007, was removed in favor of Choe.

A North Korean premier oversees economic policy and appoints ministers who are then confirmed by parliament.