SEOUL: South Korea's new president, Yoon Suk-yeol, will face two major problems as soon as he takes over on Tuesday , a belligerent North Korea testing new weapons and inflation threatening to undermine an economic recovery from two years of COVID-19 gloom.
South Korea's inflation hit a more than 13-year high last month as Russia's invasion of Ukraine sent commodity prices soaring, boosting expectations of more central bank interest rate rises, which could threaten growth prospects.
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South Korea's new president set to get tough on North
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