Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Suneung for all: Opportunity, redemption and the right to dream

    Suneung for all: Opportunity, redemption and the right to dream
  2. 2

    [Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'

    [Herald Interview] 'Korea, don't repeat Hong Kong's mistakes on foreign caregivers'
  3. 3

    [KH Explains] Why Yoon golfing is so controversial

    [KH Explains] Why Yoon golfing is so controversial
  4. 4

    Samsung stocks fall to 4-year low

    Samsung stocks fall to 4-year low
  5. 5

    Govt. cracks down on wedding industry

    Govt. cracks down on wedding industry
  1. 6

    Korean model admits drug use, seeks help from embassy in Manila: report

    Korean model admits drug use, seeks help from embassy in Manila: report
  2. 7

    NewJeans sets 14-day deadline for Ador to meet demands, including return of Min Hee-jin

    NewJeans sets 14-day deadline for Ador to meet demands, including return of Min Hee-jin
  3. 8

    Will Samsung team up with foundry rival TSMC?

    Will Samsung team up with foundry rival TSMC?
  4. 9

    Korea to take action if currency falls more

    Korea to take action if currency falls more
  5. 10

    Suneung retakes hit record amid med school expansion

    Suneung retakes hit record amid med school expansion
소아쌤

Korea's national debt exceeds W950t

By Paige Shin

Published : July 5, 2017 - 11:54

    • Link copied

South Korea's national debt as measured in outstanding state bonds issued exceeded 950 trillion won ($826.2 billion) last month, mainly due to the government's expansionary fiscal policy to cope with an economic slowdown, data showed Wednesday.

The conservative administrations of ex-Presidents Lee Myung-bak and Park Geun-hye had favored the issuance of Treasury bills and various types of bonds to finance the fiscal expansion, rather than raising taxes.


(Yonhap) (Yonhap)


The nation's debt, which covers the central government's general and special accounts and funds, reached 958.7 trillion won at the end of last month, according to the data by the local financial investment industry.

During the first half of the year, a total of 72.5 trillion won worth of government bonds were sold and 34.9 trillion won worth of bonds were repaid.

The latest findings showed the balance of government bonds grew to 581 trillion won at the end of 2016 from 274 trillion won in 2007. (Yonhap)

More from Headlines