International credit rating agencies give acting Choi "negative impact on prolonged political uncertainty"

International credit rating agencies have told the Korean government that the current political uncertainty has limited impact on the Korean economy, but if it is prolonged, the negative impact on foreign investment or corporate decision-making cannot be overlooked, the Ministry of Strategy and Finance said.

Moody's, Fitch and S&P made the comments in a video interview with Acting President Choi Sang-mok today, the ministry said.

In today's video interview, Choi stressed that major bills on people's livelihoods could be dealt with quickly at the parliamentary council between the ruling and opposition parties, and the Ministry of Economy and Finance said it expected that international credit rating agencies would show great interest in this and that economic issues could be pushed forward smoothly.

Choi, who had a video interview with credit rating agencies again in a month after the 12th of last month, explained that the Korean national system is operating without a hitch and the financial and foreign exchange markets are recovering to some extent from their pre-emergency status.

Today's video interview with acting Choi was attended by Marie Diron Moody's, global director of sovereign credit ratings, James Longsdon Fitch, global director of sovereign credit ratings, and Kim Eng Tan, general manager of S&P's sovereign credit rating Asia-Pacific.

The Ministry of Economy and Finance said it plans to manage foreign credentials with the recently appointed Ambassador for International Financial Cooperation Choi Jong-gu and Ambassador for International Investment Cooperation Choi Joong-kyung, while closely communicating with global credit rating agencies and foreign investors.