Kim Jin-ill, the newly appointed member of the Bank of Korea's policy board, said Friday that inflation worries have intensified, driven by high oil prices linked to the ongoing Middle East conflict.
He noted that while the technology sector is boosting economic conditions, uncertainty around global investments remains high, alongside domestic inequality concerns. Kim also warned of increasing caution over capital flow risks, with household debt and housing prices still pressing issues.
Kim began his four-year term on Friday. His first rate-setting meeting is scheduled for May 28.