foreign debt Archives | Be Korea-savvy

S. Korea’s Short-term Foreign Debt Ratio Hits 5 Year High in 2017

SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s short-term foreign debt rose sharply last year, with its ratio to the total reaching a five year high, the finance ministry said Friday. The country’s total external debt stood at US$418.8 billion at the end of last year, up $34.7 billion from a year ago, according to [...]

3Q Short-term Debt Balance Shrinks to $126 Bil.

SEOUL, Nov. 21 (Korea Bizwire) – Major indexes for foreign debt including the volume of short-term debt for the third quarter have improved substantially compared to the previous quarters. The main reason behind the improvement has to do with the depreciation of the won value against the U.S. dollar. The Ministry of Strategy & Finance said on November [...]