national debt

Latest news and articles about national debt from NEX English

South Korea anticipates national debt rising to 60% by 2030

The South Korean government expects the national debt to reach <strong>60%</strong> of GDP by <strong>2030</strong>, amid increasing financial burdens and slowing economic growth. This forecast highlights the challenges facing the economy as it navigates difficult conditions.

South Korea's National Debt Surges to $861 Billion

The South Korean Ministry of Finance announced a significant increase in the national debt, surpassing 1,300 trillion won, equivalent to $861.2 billion. This rise raises concerns about the country's financial sustainability as the debt-to-GDP ratio approaches 50%.