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Lee Hyung-il, born in 1971, a Seoul National University economics graduate who passed the 36th higher civil service exam in 1992 and served as first vice minister of economy and finance, moves into the deputy prime minister role, signaling bureaucratic continuity rather than a policy break. For markets, the immediate channels are fiscal stance and won management: a career MOEF insider argues for continuity in supplementary-budget sizing, Korea Treasury Bond issuance schedules, and coordination with the Bank of Korea on USD/KRW smoothing, which caps the odds of an abrupt repricing in KOSPI or KTB yields. Watch his first public remarks on the 2026 budget deficit path and any explicit FX comment, since a shift toward larger fiscal expansion would pressure long-end KTBs and add upside risk to USD/KRW.
As a Macro signal, watch whether it changes price action, volatility, or flows around KRW=X, KOSPI.
Original Source: 연합인포맥스
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