SEOUL, March 14 (UPI) -- South Korea's credit default risk has dropped to a 17-month low, as the country's tensions with North Korea have greatly subsided after the Pyeongchang Winter Olympics and an agreement last week to hold an inter-Korean summit.
According to industry trackers on Wednesday, the premium on the credit default swap (CDS) for the country's five-year foreign exchange stabilization bonds closed Monday at 41.68 basis points, down nearly 6 percent from the previous session.