Korea"s Country Risk Assessment Fell to 34th

Korea's country risk assessment fell to 34th recently from 22nd in March,1997.
'Euromoney', a European economic magazine which regularly announces countries' risks of failure, reported in a recent edition that Korea's country risk assessment fell by 13.82 points from 78.29 points last December to 64.47 points recently and ranked 34th in the world.
Euromoney makes an assessment of a country's risk by evaluating a country's political stability (25 points), economic results (25 points), foreign debts ratio (10 points), credit ratings (10 points) and other factors.
Euromoney forecasted that Korea's growth rate (GNP) would reach 0.45% in 1999 and 2.69% in 2000.
Meanwhile, Euromoney ranked Japan 23rd this time from 18th last December based on Japan's political concern and the slowness of financial restructuring.
According to Euromoney, Luxemburg rose to the top ranking from second last December, outpassing the US. The US is now ranked 2nd. Norway's ranking fell from 4th to 8th, the UK from 5th to 9th , the Netherlands from 3rd to 4th, Australia from 17th to 18th and Taiwan from 23rd to 24th.