New Bank of Korea board member says inflation worries are heightening
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South Korea's new central bank board member, Kim Jin-ill, expressed heightened inflation concerns due to rising oil prices from the Middle East conflict. He noted improving economic conditions driven by the technology sector but highlighted uncertainties in global investments and domestic inequality. Kim also raised caution regarding capital flow risks, household debt, and housing prices. He commenced his four-year term on the Bank of Korea's policy board, with his first rate-setting meeting scheduled for May 28.
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