1. The FOMC minutes for June released on Wednesday showed that the U.S FED will likely take restrictive policy to counter elevated inflation pressure, even though it would slow the pace of the economic recovery.

2. The G20 Foreign Ministers’ meeting is going to take place in Bali, starting from today to Friday. Top diplomats of South Korea, the U.S, Japan, China, and Russia are scheduled to gather to discuss global challenges. 

3. The ruling People Power Party is set to hold an ethics committee meeting Thursday evening at 7 pm, to discuss a sexual bribery scandal involving leader Lee Jun-seok. Lee is also scheduled to attend the meeting to clarify his stance over the allegations.