S&P's comment on martial law in Korea

S&P's comment on martial law in Korea

1. Korea's martial law crisis is a very unusual event in AA-rated countries

2. There will be a negative impact on the market. There is also the possibility of weakening the perception of political stability

3. Nevertheless, the possibility that this situation will act as a trigger for Korea's credit rating adjustment over the next one or two years is limited (unlikely to trigger a rating change in the next year or two)

4. The fact that martial law was lifted in an orderly manner and there was no serious violence proves that Korea's political system is functioning properly

5. The series of processes shown as the situation wraps up will diminish investor concerns

6. The quick normalization of the political situation can be seen as a proof of why South Korea is rated AA, as well as its ability to deal with the negative impact of credibility

7. The market-related responses of the Korean government and the Bank of Korea have succeeded in controlling volatility, but it is expected that it will take time for investors to stabilize

8. It will also take a long time to check the aftermath of martial law-related economy, finance and credibility. Minimizing impacts will depend in large part on how quickly Korea's political system reassures investors