The broader trend remains unchanged in Korea. The domestic demand and services being stabilized after MERS outbreak, but the challenging export environment and some payback in private consumption might slow down the growth pace in fourth quarter of this year.

"We believe the BoK will deliver another 25bp rate cut in Q1, ahead of National Assembly elections in April 2016. We also believe a weak KRW bias will resume, as the government continues to encourage state entities to recycle the current account surplus by stepping up overseas loans and investments, or by stockpiling essential minerals and fuels", says Barclays in a research note. 

The finance minister might resign his duties in December after the approval of Budget 2016 in order to participate in National Assembly elections, coming up in April. After him, the weaker KRW might be mostly targeted by his successor, because of the continued weakness of exports.