Bank of Korea's cash rate has been left unchanged at 1.50% for several months now, saying that it will stand pat for the inter-meeting time period. The same is expected in its December meeting as well, which is likely to be an unanimous decision.
In its last meeting, the monetary policy board said that it considers the trend of US economic recovery as sustained, and there are slight continuous improvements in the Euro Area.

There is slow economic growth in the Emerging market countries including China. The board expects the global economy to  maintain its recovery ahead, although at a slow pace, centering around the advanced economies such as US.

"All market participants appear to expect the BoK to stand pat in December, so the meeting this month is likely to be a non-event. Meanwhile, the BoK may announce its inflation target range for 2016- 2018: We expect it to be 2.0~3.0%, a modest downward shift from 2.5~3.5% for 2013-2015", says Societe Generale in a research note.