Exchange rate policy
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BOK chief nominee Shin apologizes for personal controversies, comments on currency
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Shin Hyun-song, nominee for Bank of Korea governor, apologized on April 15 at a National Assembly confirmation hearing for controversies over his family's nationalities and property holdings. He acknowledged the Korean won's recent weakness but stated the country has ample dollar liquidity to buffer shocks. Amid Middle East tensions, he said monetary policy should prioritize inflation.