South Korea external debt tops US$400 billion in 2012

02/20/2013 | Korea Herald (Seoul), The · MK.co.kr (South Korea)

Driven by foreign appetite for South Korean debt amid monetary easing by the leading global economies, South Korea's external debt surged US$14.7 billion to a record US$413.4 billion as of the end of 2012, the Bank of Korea reported. Meanwhile, the nation's short-term debt fell to a six-year low in 2012 as the structure of Korea's foreign debt improved.

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Korea Herald (Seoul), The · MK.co.kr (South Korea)

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