December 18 - Today's News

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- The Bank of Korea's Monetary Policy Committee decided on November 28 to cut the base rate by 0.25 percentage points to 3.00%. The decision was based on economic downturn risks and price stability, though two committee members argued for maintaining the rate due to concerns about currency volatility. - Bank of Korea Governor Lee Chang-yong stated that concerns about a foreign exchange crisis due to high exchange rates are excessive. - Seoul will face a cold wave today with morning temperatures expected to drop to minus 10 degrees Celsius. Cold wave advisories will be issued for northern and eastern Gyeonggi Province and inland and mountainous regions of Gangwon Province. - The petrochemical industry is expected to see improved prospects for next year due to a slowdown in global facility expansion and oil price stabilization. However, large-scale facility expansion is scheduled to resume from 2026 onwards, making long-term recovery uncertain. - A 'quantum computing rally' is emerging in the New York stock market, with quantum computing-related stocks rising. As U.S. President-elect Donald Trump pursues advanced technology hegemony, some analysts predict that new technology stocks such as quantum computing could dominate the New York market. - Caution is advised as spam messages related to former President Park Geun-hye, impersonating police officers, are being circulated again.

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