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South Korea's central bank officials: The risk of political turmoil in South Korea is limited, while U.S. tariffs are the "most difficult test."
① A South Korean central bank official, Lee Su-hyung, said that the political turmoil in South Korea may diminish economic risks within six months, while the potential pressure from USA's tariff policies is more concerning. ② Lee Su-hyung pointed out that if Trump's potential tariffs come into effect, it would hurt South Korean exports and could keep inflation and interest rates high in the USA, thus putting downward pressure on the South Korean won.
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