Monday, December 19, 2011

S.Korea's fundamentals not to be changed by DPRK leader's death: Moody's



English.news.cn   2011-12-19 13:31:26             
SEOUL, Dec. 19 (Xinhua) -- South Korea's economic fundamentals were not to be changed by the death of Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), a senior official at Moody's said Monday.
"We will continue to rate South Korea on the basis of its economic, institutional and government financial fundamentals. These will not change on account of the death of DPRK's leader Kim Jong Il," Thomas Byrne, a senior vice president at Moody's in Singapore, said in an e-mail interview.
Byrne said that the potential risks such as a collapse of the DPRK or an outbreak of war between the two Koreas seemed to be remote even under the current uncertainty about the leadership transition in Pyongyang.
He also noted that the recent signing into law of the U.S.- Korea free trade agreement would reinforce economic ties between the two countries.
Moody's assigned the sovereign credit rating for South Korea at A1 with stable outlook.
Related:
Photo provided by KCNA news agency shows Kim Jong Il (1st R), top leader of the Democratic People's Republic of Korea (DPRK), gestures as he watches a military parade in celebration of the 63rd anniversary of the DPRK's founding, in Pyongyang Sept. 9, 2011. Kim Jong Il passed away on Dec. 17, 2011 at the age of 69 "from a great mental and physical strain," DPRK's official KCNA news agency reported on Dec. 19, 2011. (Xinhua/KCNA)
PYONGYANG, Dec. 19 (Xinhua) -- Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), passed away last Saturday at the age of 69 "from a great mental and physical strain," the DPRK's official KCNA news agency reported on Monday.
Kim died "from a great mental and physical strain at 08:30 (2330 GMT Friday) Dec. 17, 2011, on train during a field guidance tour," said the report. Full story
SEOUL, Dec. 19 (Xinhua) -- South Korea is put on high alert Monday following the death of Kim Jong Il, the top leader of the Democratic People's Republic of Korea (DPRK).
Immediately after the DPRK's KCNA news agency reported Kim's death, South Korean President Lee Myung-bak convened the National Security Council (NSC) to discuss follow-up measures with Cabinet ministers. Full story
TOKYO, Dec. 19 (Xinhua) -- Japan has already discussed DPRK leader Kim Jong Il's death with U.S., South Korea, and Prime Minister Yoshihiko Noda urged officials to keep in touch with U.S., China, South Korea over the issue, according to Kyodo citing a senior government official.
Noda also urged officials to make full preparations for contingencies while Foreign Minister Koichiro Gemba asked foreign ministry to prepare for any events after Kim's death, according to local reports. Full story
SEOUL, Dec. 19 (Xinhua) -- South Korea's financial market was rattled on Monday after Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK) passed away last Saturday from a great mental and physical strain.
The benchmark Korea Composite Stock Price Index (KOSPI) tumbled 64.69 points, or 3.52 percent, to trade at 1,775.27 as of 1:18 p.m. , extending its earlier losses amid lingering concerns over Europe' s debt crisis. Full story
U.S. in close touch with S. Korea, Japan over Kim Jong Il's death: White House
WASHINGTON, Dec. 18 (Xinhua) -- The White House said late Sunday that the United States is in close touch with South Korea and Japan over the death of Kim Jong Il, top leader of the Democratic People's Republic of Korea (DPRK), and remains committed to stability on the Korean Peninsula.
"We are closely monitoring reports that Kim Jong Il is dead," White House spokesman Jay Carney said in a statement. Full story
PYONGYANG, Dec. 19 (Xinhua) -- Top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Il has died at the age of 69 "from a great mental and physical strain," the official KCNA news agency reported on Monday.
The following are some key facts about the leader. Full story
PYONGYANG, Sept. 28 (Xinhua) -- The top leader of the Democratic People's Republic of Korea (DPRK) Monday issued an order promoting his son Kim Jong Un and several commanding officers to the rank of general, the official KCNA reported early Tuesday.
Top leader Kim Jong Il's son Kim Jong Un, and Kim Kyong Hui, Choe Ryong Hae and three others from the ruling Workers' Party of Korea (WPK) were promoted to general, said the order.  Full story
PYONGYANG, Sept. 23 (Xinhua) -- Kang Sok Ju was appointed as vice premier of the Democratic People's Republic of Korea (DPRK) on Thursday, according to a decree of the Presidium of the DPRK Supreme People's Assembly.
Kim Kye Gwan was appointed as first vice minister of foreign affairs and Ri Yong Ho as vice minister of foreign affairs.   Full story
PYONGYANG, Sept. 27 (Xinhua) -- The Workers' Party of Korea (WPK), the ruling party of the Democratic People's Republic of Korea (DPRK), will hold a major conference on Tuesday to elect the party's highest leading body.
The conference, the first of its kind in 44 years, is to be of great influence to the country's future.  Full story
 
Editor: Fang Yang

http://news.xinhuanet.com/english/business/2011-12/19/c_131314836.htm

No comments:

Post a Comment