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Governor nominee Shin Hyun-song said heightened inflation pressure after the war in the Middle East is the biggest monetary policy risk. Shin said Middle East risks, real-estate project financing distress, and high home prices and household debt are the key challenges facing the South Korean economy. Shin said he would pursue macroeconomic stability, the internationalization of the won, and a reduction in the share of foreign-currency assets as key priorities early in his term.