Economy / South Korea
What South Korea's Credit Crunch Means For External Debt
February 2004 | Economic AnalysisOn the surface, the financial frailty of South Korea's credit-card companies suggests sovereign risk has increased sharply in the North East Asian country. BMI View: It has not. The public finances are in good shape and credit-card firms, while large, are not influential enough financially to cause external debt to spiral higher.
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to China & North Asia Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to China & North Asia Monitor please click on the trial link below.
