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Bank of Korea Sees Inflation Elevated for Considerable Period

People dine at a food stall in Gwangjang Market in Seoul earlier in March. 

People dine at a food stall in Gwangjang Market in Seoul earlier in March. 

Photographer: SeongJoon Cho/Bloomberg

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Stubbornly high inflation overshadowing South Korea’s economic recovery is likely to continue for a considerable time, the Bank of Korea said Thursday, citing the crisis in Ukraine and rising food prices among risks.