Hamish Pepper, FX Strategist for Asia Pacific at Barclays Capital, says the BOK's decision to cut rates by 25 bps to 2.75 per cent was not a surprise as the country has been hit by the weak global economy.

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Chairs: Squawk Takes a Stand on Pesticides Wed 22 May 13 \| 06:52 AM	BuzzFeed: Making Business News Go Viral Wed 22 May 13 \| 06:40 AM	Fed Policy: Tapering vs. Economy Wed 22 May 13 \| 06:30 AM	Cook & Dimon: Two CEOs Take on Tough Opposition Wed 22 May 13 \| 06:10 AM	Global Markets: Europe Stocks Mixed Wed 22 May 13 \| 06:06 AM
International Cooperation Needed on Tax: David Cameron Wed 22 May 13 \| 05:53 AM	Trade of the Day: Sell JPY Over JGB? Wed 22 May 13 \| 05:41 AM	When Should the Fed Taper Its Stimulus Program? Wed 22 May 13 \| 05:30 AM	HP Is 'Under Pressure': Pro Wed 22 May 13 \| 05:20 AM	IRS Scandal Hugely Distracting for Obama: Pro Wed 22 May 13 \| 05:00 AM
Bonus Limits Won't Reduce Competitiveness: Schulz Wed 22 May 13 \| 04:51 AM	'Brixit' Still Possible: Pro Wed 22 May 13 \| 04:20 AM	Should You Stay Clear of Japan? Wed 22 May 13 \| 04:00 AM	Why the Yen Will Keep Moving Wed 22 May 13 \| 04:00 AM	Tax Evasion Erodes Trust in Europe: Schulz Wed 22 May 13 \| 03:38 AM
European Markets Open Mixed Wed 22 May 13 \| 03:00 AM	Fed Change Is Coming in Soon: Pro Wed 22 May 13 \| 03:00 AM	The Moat of Social Networks Is Dry: Economist Wed 22 May 13 \| 02:44 AM	Opportunities in Market 'Dislocations': Pro Wed 22 May 13 \| 02:30 AM	Xbox One Is First Consul to Take on TV: Pro Wed 22 May 13 \| 02:15 AM
Are Markets Getting a Free QE Lunch? Wed 22 May 13 \| 02:00 AM	Facebook Losing Cool Factor as Kids Turn to Twitter Wed 22 May 13 \| 01:49 AM	Stock in Sixty Seconds: Microsoft Wed 22 May 13 \| 01:21 AM	Julia Boorstin Previews Microsoft's Xbox One Wed 22 May 13 \| 01:20 AM	EU Leaders Battle Over Tax Avoidance Wed 22 May 13 \| 01:13 AM
Why Can't Shell Find 'Capable Women'? Wed 22 May 13 \| 01:05 AM	Here's How China Escaped Poverty So Quickly Wed 22 May 13 \| 12:35 AM	Dollar-Yen Movements Reliant on US Rates Wed 22 May 13 \| 12:20 AM	Why Monetary Stimulus is Set to Continue Wed 22 May 13 \| 12:05 AM	DirtyGirl Disposal's Disappointment Wed 22 May 13 \| 12:00 AM

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BOK Rate Cut Not a Surprise: Pro

BOK Rate Cut Not a Surprise: Pro

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