Korean Economy Soars, Credit Rating Improves

Staff Reports

The economy of South Korea grew at a 1.7% pace in the second quarter, its fastest performance in 18 months and one that induced Moody’s Investors Service to boost that Asian nation’s credit rating. And that, in turn, caused Korean stocks and its currency to rise in value. Moody’s boosted Korea’s credit ratings to A2, the first increase in five years, while the Korean Won soared to its highest level since 1997. For the latest up-to-date profit opportunities in Asia, take a look at Money Morning’s latest research report.