South Korea's monetary authority has raised red flags about mounting risks stemming from escalating residential real estate valuations and weakening won performance. The warning arrives as the broader financial landscape continues showing resilience, buoyed by economic recovery momentum. While system-wide stability remains intact, officials are keeping close watch on these two pressure points—soaring property prices eating into household finances, and the currency slide potentially complicating capital flows and import costs. Worth tracking how these dynamics might ripple through regional markets and investor sentiment heading forward.