The article explores how the Bank of Korea has adjusted its interest rates in response to uncertainties and asset price fluctuations since adopting an inflation targeting regime. The researchers found that the central bank has been cautious in changing policy rates, with infrequent adjustments and a tendency towards gradual changes. They also observed that house-price bubbles have formed in Korea, prompting a closer look at the impact of asset prices on monetary policy. Overall, the study highlights the importance of considering uncertainty and asset prices when making decisions about monetary policy in Korea.