Latest News:  
Beijing   Cloudy    2 / -5   City Forecast

People's Daily Online>>World

S.Korea's fundamentals not to be changed by DPRK leader's death: Moody's

(Xinhua)

13:58, December 19, 2011

SEOUL, Dec. 19 (Xinhua) -- South Korea's economic fundamentals were not to be changed by the death of Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), a senior official at Moody's said Monday.

"We will continue to rate South Korea on the basis of its economic, institutional and government financial fundamentals. These will not change on account of the death of DPRK's leader Kim Jong Il," Thomas Byrne, a senior vice president at Moody's in Singapore, said in an e-mail interview.

Byrne said that the potential risks such as a collapse of the DPRK or an outbreak of war between the two Koreas seemed to be remote even under the current uncertainty about the leadership transition in Pyongyang.

He also noted that the recent signing into law of the U.S.- Korea free trade agreement would reinforce economic ties between the two countries.

Moody's assigned the sovereign credit rating for South Korea at A1 with stable outlook.

 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. APF forest group in training

  2. Wedding dress show held in Hong Kong

  3. Nearly 9 years on, US withdraws from Iraq

  4. 1st twin giraffes celebrate birthday

Most Popular

Opinions

  1. Growth moderation not "bad thing" for China
  2. Risks behind India's military buildup
  3. 2011: Year of government micro-blogs
  4. Chance of RMB devaluation small
  5. Narrow vision limits China's discourse power
  6. Dubai chasing Singapore's strictness with violations
  7. Too early to loosen China's property controls
  8. Do not let disputes taint Sino-Korean ties
  9. The natural way to pick your stocks
  10. China must retain its strengths as it goes global

What's happening in China

APF forest group in training

  1. The green tax to spur environmental protection
  2. Club Med to open second resort in China
  3. Funding for tobacco control 'inadequate'
  4. Property prices in big cities declining
  5. Drought snags shipping on rivers in S China

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance