South Korea’s Total Debt Surpasses 6,200 Trillion Won, Though Debt-to-GDP Ratio Eases

SEOUL, March 19 (Korea Bizwire) — South Korea’s combined household, corporate, and government debt—known as national total debt—has surpassed 6,200 trillion won, according to the latest data released by the Bank for International Settlements (BIS). As of the end of the third quarter of 2024, non-financial sector credit, measured in Korean won, reached 6,222 trillion won, [...]