Base Rate Held Unchanged by Unanimous Monetary Policy Committee Amid High Oil Prices and Strong Won Concerns [1-Minute Brief]

[At a Glance]
1. [Market] Unanimous Monetary Policy Committee Decision: Base Rate Remains Unchanged
2. [Raw Materials] Emergency System for Public Contracts Amid Middle East-Induced Raw Material Shock
3. [Defense Industry] Korea Aerospace Administration and Defense Acquisition Program Administration to Jointly Develop Launch Sites, Satellite Communications, and Engines

MARKET INDEX : Year to date

Top 3 NEWS

■ Unanimous Monetary Policy Committee Decision: Base Rate Remains Unchanged

○ On the 10th, the Bank of Korea's Monetary Policy Committee held its monetary policy direction meeting.
○ Concerns over high oil prices and a strong won following the Iran war influenced the decision.
○ The market increasingly expects one rate hike within this year.

■ Emergency System for Public Contracts Amid Middle East-Induced Raw Material Shock

○ The government has implemented support measures for public contracts in relation to the Middle East war.
○ If raw material prices surge, contract amounts will be adjusted within 90 days.
○ If supply disruptions cause delivery delays, liquidated damages will be waived.

■ Korea Aerospace Administration and Defense Acquisition Program Administration Form 'One Team'... Jointly Developing Launch Sites, Satellite Communications, and Aircraft Engines

○ Civil-military integration of the aerospace supply chain begins.
○ Full-scale cooperation on launch vehicles and low Earth orbit networks.
○ Collaboration on advanced aircraft engines and space defense.

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