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S. Korea's country risk assessed stable

Written: 2001-02-01 00:00:00Updated: 0000-00-00 00:00:00

South Korea has been picked as a country with stable political and economic conditions and low chances of payment default.

The French Company of Insurance for Foreign Trade ranked South Korea second on a scale of seven in terms of country risk along with Italy and Singapore. That category groups countries with relative stability.

South Korea's payment default index has remained under 50 since last June against the world's average of 100 in 1995.

South Korea saw its payment default index soar to 200 in December 1997 and 250 in October 1998 during the Asian financial crisis.

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