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Yoon shows will to tighten South Korea's finances, stem inflation

Incoming finance and infrastructure ministers target consumer, home prices

South Korean President-elect Yoon Suk-yeol is set to tackle the country's rising consumer price index, which hit a 10-year high in March.   © Reuters

SEOUL -- President-elect Yoon Suk-yeol's picks for finance and infrastructure ministers make it clear he intends to tighten South Korea's purse strings and stem rising inflation and home prices.

Soaring property prices dogged incumbent President Moon Jae-in -- who steps aside for Yoon next month -- throughout his five-year term. The country's consumer price index hit a 10-year high in March on rising energy prices and supply chain disruptions.

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