Minute hand completes $360^\circ$ in 60 minutes = 3600 seconds.
Step 1: Find time for $300^\circ$ movement of second hand.
\[
\frac{300}{360} \times 60 = 50\ {seconds}
\]
Step 2: Find minute hand movement in 50 seconds.
\[
{Minute hand speed} = \frac{360^\circ}{3600\ {seconds}} = 0.1^\circ/{sec}
\]
\[
{Angle} = 50 \times 0.1 = 5^\circ
\]
Hence, the minute hand moves $5^\circ$.