The US-based rating agency, Moody’s Investor Service, is out with its latest review report on the South Korean economy, in the wake of the recent Japanese trade spat.
Key Highlights:
South Korea’s economic and fiscal strengths intact, despite flagging external demand.
South Korea’s primary credit challenges relate to North Korea and, over the long-term, a rapidly aging population.
South Korea’s reliance on international trade poses near-term drag from flagging external demand.
S. Korea’s very strong economic and fiscal fundamentals provide a buffer against exposure to an uncertain outlook for external trade.