Combined debt issued by both gov’t and public institutions tops US $784 bil. as of 2016

Combined debt issued by both gov’t and public institutions tops US $784 bil. as of 2016


The combined value of government bonds and
special bonds sold by Korea’s public institutions reached 918 trillion won — or 784 billion
U.S. dollars — as of the end of last year,… surpassing the 900-trillion won mark for the
first time. The Korea Financial Investment Association
said Tuesday that last year’s figure is two-and-a-half times the amount tallied just ten years ago,…
when the combined figure was around 310 billion dollars. The rising level of debt is a concern as Korea’s
future generations will have to pay the money back. However, as the government has hinted at yet
another supplementary budget this year, to prop up slow growing economy,… the amount
is likely to swell even further over the next twelve months.

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