安融（香港）评级确认大韩民国“AA-”国际评级；展望:稳定
安融（香港）评级确认大韩民国“AA-”国际评级；展望:稳定
2024年12月30日，中国香港。安融（香港）评级确认大韩民国（简称“韩国”）的长期主体评级为“AA-”，展望为“稳定”。
评级结果肯定了作为发达国家，韩国产业结构以制造业和服务业为主，外汇储备较为夯实，同时也关注了韩国自然资源匮乏，主要工业原料均依赖进口，未来人口老龄化对经济的影响较大，朝鲜半岛局势的不确定性未来可能对韩国的经济发展产生负面影响等不良因素。
关键评级观点
优势
作为发达国家，韩国产业结构以制造业和服务业为主，部分产业产量均进入世界前10名；
韩国外汇储备较为夯实。
关注
韩国自然资源匮乏，主要工业原料均依赖进口；
韩国未来人口老龄化对经济的影响较大；
朝鲜半岛局势的不确定性未来可能对韩国的经济发展产生负面影响。
评级展望
韩国部分产业产量均进入世界前10名，且外汇储备较为夯实，降低了债务违约风险。综合考虑，安融（香港）评级授予大韩民国的信用评级展望为稳定。
注：
1、上述评级均为主动评级。
2、本文译自英文版新闻稿。若有分歧，以英文版为准。
专案组组员
林芮礽，分析师
评审委员会主任
胡超
Huchao@arrating.com
媒体联系
complaints@arrating.com
评级服务联系
林芮礽
相关信用评级委员会召开日期：2024年12月30日
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相关的评级方法和模型
《主权信用评级方法和模型》（2024年11月28日）
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本次评级依据评级对象已经正式对外公布的信息，相关信息的合法性、真实性、完整性、准确性和及时性由评级对象及其信息发布方负责。安融(香港)评级按照相关性、及时性、可靠性的原则对评级信息进行了审慎分析，但对上述信息的合法性、真实性、完整性、准确性和及时性不作任何保证。评级结果未考虑无法获取的可能对信用等级有重要影响的非公开数据。
本报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着安融(香港)评级实质性建议任何使用者据本报告采取投资、借贷和交易等行为，也不能作为使用者购买、出售或持有相关金融产品的依据。在任何情况下，安融(香港)评级、安融(香港)评级董事、股东、雇员、代表不对任何投资者（包括机构投资者和个人投资者）使用本报告所表述的安融(香港)评级的分析结果而出现的任何损害、开支、费用或损失承担任何责任，亦不对被评对象或其发行人使用本报告或将本报告提供给其它方所产生的任何后果承担任何责任。
ARHK Affirms ‘AA-’ International Rating to Republic of Korea, Outlook Stable
30 December 2024
Hong Kong, December 30, 2024. ARHK has affirmed an international scale long-term issuer credit rating of ‘AA-’ to Republic of Korea (hereinafter referred to as ‘South Korea’) with a stable outlook.
The rating results confirm that South Korea is a developed country with a robust level of foreign exchange reserves, and its industrial structure is dominated by manufacturing and services. However, South Korea’s rating is constrained by several factors, including a scarcity of natural resources, the high reliance on imports for key industrial raw materials, the significant economic impact of future population aging, and uncertainties on the Korean Peninsula that could threaten South Korea’s future economic development.
KEY RATING PERSPECTIVES
Strengths
As a developed country, South Korea’s industrial structure is dominated by manufacturing and services, with several industries ranking among the top 10 globally in terms of output.
South Korea maintains robust foreign exchange reserves.
Weaknesses
South Korea faces a scarcity of natural resources and key industrial raw materials highly rely on imports.
South Korea’s future population aging has a significant impact on its economic performance.
South Korea’s future economic development can be negatively impacted by uncertainties on the Korean Peninsula.
RATING OUTLOOK
The stable outlook for South Korea reflects our view that South Korea’s robust foreign exchange reserves and several industries that rank among the top 10 globally in terms of output help reduce its debt default risk. Taking all factors into consideration, ARHK assigns a stable outlook to the credit rating of South Korea.
NOTE:
1. The above ratings are all unsolicited credit ratings.
2. The Chinese version of this article is translated from the English version of the press release. In case of discrepancies, the English version shall prevail.
ANALYST CONTACTS
Analyst
Lam Yui Ying
Committee Chair
James Hu
Media Contact
Rating Services Contact
Lam Yui Ying
Date of Relevant Rating Committee: 30 December 2024
Additional information is available on www.arrating.com
Related Criteria
Sovereign Credit Rating Methods and Models (28 November 2024)
DISCLAIMER
This rating is based on information officially released to the public by the rated objects. The legality, authenticity, completeness, accuracy, and timeliness of the relevant information are the responsibility of the rated objects and its information publishers. ARHK has conducted a prudent analysis of the rating information based on the principles of relevance, timeliness, and reliability, but does not guarantee the legality, authenticity, completeness, accuracy, and timeliness of the above information. The rating results did not take into account non-public information that may have a significant impact on the credit rating and could not be obtained.
Any statements and judgments regarding the credit status of the rated objects in this report are only for reference in relevant decision-making and do not imply that ARHK substantively recommends any user to invest, borrow or lend money, and trade based on this report, nor can they be used as a basis for users to purchase, sell, or hold related financial products. Under no circumstances shall ARHK, as well as its directors, shareholders, employees, or representatives be liable for any damages, expenses, costs, or losses incurred by any investor (including institutional and individual investors) as a result of using the analysis results presented in this report, nor shall they be liable for any consequences arising from the use of this report by the rated objects or their issuers or providing this report to other parties.