Standard & Poor’s has maintained South
Korea’s sovereign credit rating at double-a for over three years the global
ratings agency explained that South Korea’s economy has strong fundamentals
and is well diversified meaning it does not depend on select industry or export
it also forecasts South Korea’s GDP per capita to rise from about 32,000 u.s.
dollars this year to 35,000 in 2022 it expected a short-term GDP growth to
hover at around 2% but the agency also said South Korea’s exports have been
slowing down and the trade spat between Seoul and Tokyo has raised uncertainties
which in turn have affected investment investment sentiments rather the agency
recommended Seoul to increase its productivity especially with its rapidly
aging population