Bank of Korea is expected to keep its policy rate unchanged in the December meeting at 1.50% by the market consensus, which would be a unanimous decision.

There were mixed signals from macroeconomic indicators and the financial market, BoK might extend its recent neutral stance. There are positive signals from domestic demand recovery and global financial market improvement.

"We expect the Bank of Korea (BoK) to hold its policy rate at 1.50% by unanimous decision at its December meeting", says Societe Generale in a research note.

Korean won currently trades at 1176.47 against the US dollar.