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ECONOMY

Korea’s FX reserves fall on currency defense

Korea’s foreign exchange reserves declined at the end of last year for the first time in seven months, reflecting authorities’ efforts to curb heightened exchange-rate volatility as the won came under pressure near the 1,500-per-dollar level.According to the Bank of Korea on Jan. 6, the country’s foreign exchange reserves stood at $428.05 billion at the end..

S&P maintains South Korea's AA credit rating
S&P Global Ratings has reaffirmed South Korea’s sovereign credit rating at 'AA' with a stable outlook, maintaining the same level it has held since 201..

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