S&P adjusted the national credit rating of Korea from A+ Stable to A+ Positive on Sept. 19.
According to the Ministry of Strategy & Finance, S&P mentioned favorable policy environments, high fiscal soundness, and improved foreign debt structure as reasons for the upward adjustment. Korea has shown solid growth during the past five years based on export diversification and improved export competitiveness. In addition, it recorded increasing exports, despite the appreciation of the won, that has been consistent for three years.
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