South Korea's finance minister vows efforts towards economic recoveryStaff writer ▼ | April 6, 2016
South Korea's finance minister said that he is making all-out efforts toward economic recovery and structural reforms to tide over rising uncertainties at home and abroad.
Asia The S&P delegation was in Korea
During the meeting, Yoo and S&P officials discussed the country's overall economic situation and credit status.
The global credit appraiser said that the sovereign credit of Asia's fourth-largest economy remains "solid" on relatively steady economic growth and favorable fiscal soundness.
The S&P delegation led by Kim Eng Tan, senior director of S&P Asia Pacific Sovereign Ratings, is on a four-day visit to South Korea to meet with policymakers from government agencies, including the finance ministry, the Financial Services Commission and the Bank of Korea.
S&P upgraded a sovereign rating on South Korea to AA- from A+ in September last year, with a stable rating outlook. ■