Credit ratings agencies downplay NK risk on S.Korea

By · February 6, 2012 · No comments
Economic ·

Global ratings agencies are not taking the North Korea risk facing South Korea in the wake of the Stalinist country`s power transfer, the South Korean Strategy and Finance Ministry said Sunday.

More than 10 government officials in Seoul spoke to representatives of S&P and Fitch in Singapore Jan. 30 to explain North Korean variables that could affect the South Korean economy, the ministry said.

The Seoul officials at the meeting included Choi Jong-ku, deputy strategy and finance minister for international economic affairs; Yim Woong-soon, deputy head of the North Korea policy planning team at the Foreign Affairs and Trade Ministry; Lee Sang-chul, deputy head of arms control at the Defense Ministry; and Hwang Bong-yeon, director of the situation analysis department at the Unification Ministry. (Dong-a Ilbo)
http://english.donga.com/srv/service.php3?bicode=020000&biid=2012020627368

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