Standard & Poor's has maintained South Korea's sovereign credit rating at (double-A) AA for over three years.<br />The global ratings agency explained that South Korea's economy has strong fundamentals and is well-diversified, meaning it does not depend on a certain industry or export.<br />It also forecast South Korea's GDP per capita to rise from about 32-thousand U.S. dollars this year to 35-thousand dollars in 2022.<br />It expected the short-term GDP growth to hover at around 2-percent.<br />But the agency also said South Korea's exports have been slowing down... and the trade spat between Seoul and Tokyo has raised uncertainties which in turn have affected investment sentiments.<br />The agency recommended Seoul to increase its productivity, especially with its rapidly aging population.<br />
