S. Korea's risk premium hits 18-month high on N. Korea woes
EconomyAug 16, 2017
South Korea's credit default risk has hit an 18-month high amid saber-rattling between the United States and North Korea over the latter's weapons program, data showed Wednesday. The credit default swap (CDS) premium for South Korean foreign exchange stabilization bonds with a five-year maturity reached 70 basis points as of Monday, the highest level since 71 basis points on Feb. 25, 2016, accor...