"Looks like the debt level is the same while the assets got a little creative boost."
Ramsey,
At least the article states where the creative part comes from. It states, "Total assets, meanwhile, increased by 31.2 trillion won due to proper evaluation of the real estate holdings of domestic companies last year." Whatever, "proper," means? Obviously it's a simple attempt to get the countries credit rating raised. Come to think of it, I think Korea was raised not too long ago.
So the new figure shows debt-to-equity of around 253%. For comparison purposes, if I'm not mistaken, the debt-to-equity of the US's S&P 500 is 100%. Interesting figures.
Anyhow, here's what really important <VBG>. CBS Marketwatch.com-- "Meanwhile, Goldman Sachs Market Strategist Abby Joseph Cohen said she's still bullish on U.S. stocks, noting improvement in certain overseas economies."
MikeM(From Florida)
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