Korea’s government debt tops US$ 550 bil. last year

Korea’s government debt tops US$ 550 bil. last year


South Korea’s government debt topped five-hundred-fifty-billion
U.S. dollars last year… slightly less than previous estimates. The finance ministry says government debt
amounted to five-hundred-fifty-three billion dollars… some 38 percent of the nation’s
GDP. When calculated per person in Korea, it comes
to ten-thousand-eight-hundred dollars. National debt is the total accumulated debts
of the federal and provincial governments over time in a country.

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