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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.