BOK Governor Nominee Flags Inflation Risks, Excess Won Moves

South Korea’s central bank governor nominee Shin Hyun Song warned that soaring oil prices and a weaker won are likely to push inflation higher, while weighing on economic growth, highlighting the policy challenges he is likely to face at the start of his tenure.

Speaking at his parliamentary hearing Wednesday, Shin said external uncertainty remains elevated, citing as key risks the ongoing tensions in the Middle East, higher global energy prices and shifting policy paths in major economies.