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The Korea Herald
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THE INVESTOR
March 29, 2024

Finance

Korea’s public sector debt tops W1,000tr in 2015

  • PUBLISHED :December 23, 2016 - 10:52
  • UPDATED :December 23, 2016 - 10:52
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[THE INVESTOR] South Korea’s public sector debt posted 1,003.5 trillion won (US$833 billion) last year while its share in the country’s gross domestic product fell slightly, according to the government on Dec. 23.

This is up 46.2 trillion won from the previous year’s 957.3 trillion won, according to the Ministry of Strategy and Finance.

It accounted for 64.4 percent of the country’s GDP last year, down 0.1 percentage point from a year earlier.

General government debt stood at 676.2 trillion won, up 55.6 trillion won from a year earlier. Its percentage of the GDP rose 1.6 percentage points to 43.4 percent last year.

National debt totaled 591.5 trillion won last year, accounting for 37.9 percent of the GDP.

Non-financial corporation debt fell 9.6 trillion won to 398.9 trillion won last year, with its GDP ratio losing 1.9 percentage points to 25.6 percent.

(theinvestor@heraldcorp.com)

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