Jitters over Japan increase South Korean credit risk

06/12/2013 | Yonhap News Agency (South Korea)

Jitters generated Tuesday by doubts over Japan's stimulus sent South Korea's credit default risks soaring. Data from derivatives firm SuperDerivative revealed Wednesday showed the credit default swap premium for South Korean state bonds was up nearly 40% from January. "A failure of Japan's stimulus measures are expected to deal a harsh blow to South Korea," said Lim Noh-joong, an analyst at I'M Investment & Securities.

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Yonhap News Agency (South Korea)

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