Moody's ups six Korean corporates' outlooks to positive

Moody's Investors Service said it changed to positive from stable the outlook on the A3 foreign-currency issuer ratings of Samchully Co. Ltd. and SK Telecom Co. Ltd. and the A3 foreign-currency senior unsecured debt and foreign-currency issuer ratings of Korea Gas Corp., Korea Highway Corp., Korea Land Corp. and Korea National Housing Corp.

This action follows the change in South Korea's outlook to positive from stable and is based on the support provided to the corporates by the sovereign.

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