Financial Impact of Southern Europe’s Debt Crisis
The concern of physical deficit of so-called PIGS countries- Portugal, Italy, Greece and Spain- is now spreading to other countries. Korea is enjoying very good comments from IMF, World Bank and OECD, uniformly that Korea’s physical state is relatively strong. The Korea’s exposure to these 4 countries accounts for 650 million USD, which is 1.2% of total exposure. and Korea’s physical debt to GDP is 2.8% compared to Greece, 12.7% and foreign reserve stands at 270 billion USD. Please visit http://www.fsc.go.kr/eng/index.jsp for more details.