South Korean bond debt exceeds 800 trillion won

08/18/2013 | Yonhap News Agency (South Korea)

South Korea's debt from bond sales has more than doubled in the past six years and now stands at a record of just over 800 trillion won, according to the Korea Financial Investment Association. "South Korea is said to be in a better condition than those facing a financial crisis with its national debt at about 35 percent of its GDP. But the amount does not include special bonds, which means once the de facto national debt from special bonds is included, the country may be in no better condition than Italy and France," commented Moon Hong-cheol, a Dongbu Securities researcher.

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Yonhap News Agency (South Korea)

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