Moody's: South Korea resilient

Moody's Investors Service said that South Korea's geopolitical defenses and economic fundamentals should prove strong enough to withstand a period of heightened tensions. The stable outlook on Korea's A1 rating remains appropriate, the agency said.

Overall, recent shocks, including the sinking and the deaths of 46 South Korean sailors near the maritime border between both countries, have had no adverse effects for South Korea on the issues of debt affordability or finance ability, Moody's said.

Moreover, countries like South Korea, which have good fundamentals, will continue to look relatively attractive in global markets, the agency said.

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