Moody's currently rates South Korea at Aa2
- Declaration announced by the two Koreas is a prelude to more substantive negotiations
- This will help to lower geopolitical risk
- Although the pledge to carry out disarmament seems unlikely, at least in full, in the absence of more significant trust-building measures
Well, the added confidence certainly does no harm to the Korean won's bright start today as mentioned earlier here and it's also helping to give Korean stocks a bit of a lift. The Kospi is currently up by 0.34% as we get going on the week.
