Most Popular
-
1
‘Gimflation’ in S. Korea as dried seaweed prices grow on rising global demand
-
2
S. Korea's gender pay gap worst in OECD
-
3
Yoon to resume diplomatic activity via 3-way summit with Japan, China
-
4
[Herald Interview] Korean adoptees embark on journeys to find roots
![[Herald Interview] Korean adoptees embark on journeys to find roots](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/22/20240522050754_0.jpg&u=20240522190539)
-
5
South Korea unveils W26tr support program for chip industry
![[Herald Interview] Korean adoptees embark on journeys to find roots](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/22/20240522050754_0.jpg&u=20240522190539)
-
6
S. Korea to hold rotating presidency of UN Security Council next month
-
7
SM, YG Entertainment’s K-pop groups benefit from troubles at Hybe
-
8
Embryo activist: Baby's lawsuit takes on S. Korea climate inaction
-
9
Student nabbed for biking naked 'due to stress'
-
10
BOK holds rate at 3.5%, ups growth outlook
Korea’s fiscal health, forex reserves in good shape: Moody’s
By 김화균Published : Sept. 6, 2016 - 15:53
[THE INVESTOR]A delegation of US ratings agency Moody’s Investors Service said South Korea’s fiscal health and foreign exchange reserves are in good shape, the central bank said on Sept. 6.
The delegation led by Marie Diron, senior vice president at Moody‘s, also said South Korea’s economy shows signs of relatively solid growth compared with other economies.
The delegation made the assessment in a meeting with Bank of Korea Gov. Lee Ju-yeol in Seoul.
The delegation led by Marie Diron, senior vice president at Moody‘s, also said South Korea’s economy shows signs of relatively solid growth compared with other economies.
The delegation made the assessment in a meeting with Bank of Korea Gov. Lee Ju-yeol in Seoul.
As of the end of August, South Korea’s forex reserves came to US$375.46 billion, up $4.08 billion from the previous month, according to data compiled by the BOK.
Lee said Moody’s upgrade of South Korea’s rating contributed to enhancing global confidence in Asia’s fourth-largest economy amid heightened volatility in global financial markets.
Moody’s upgraded the rating for South Korea to “Aa2” in 2015, the third-highest level on the company’s table, while Standard and Poor’s also upgraded Korea’s ratings to “AA” last month. Fitch has maintained the fourth “AA-” grade for Korea since June 2012.
(theinvestor@heraldcorp.com)
