South Korean CDS spreads tighten after earlier panic protection buying

The credit default swap spread on Korean five-year US dollar sovereign credit surged this week on panic credit protection buying as market participants feared that SK Global’s accounting scandal could have ramifications throughout the country’s financial system. Sentiment further deteriorated as diplomatic tensions with North Korea continued to worsen.

On Tuesday, 10 executives of SK Group, SK Global’s parent company and Korea’s third largest conglomerate, were indicted on accounting fraud

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...


You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: