Arab Today, arab today korean public firms debt to hit 524tr won next year
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Korean public firms' debt to hit 524tr won next year

Arab Today, arab today

Arab Today, arab today Korean public firms' debt to hit 524tr won next year

South Korean firms
Seoul - Yonhap

The combined debt of South Korean public firms and institutions is expected to hit 524 trillion won (US$502 billion) next year, the finance ministry said Sunday, amid government efforts to reduce their liabilities.
The forecast is 3 trillion won smaller than an earlier government estimate this year, with the debt ratio likely to come in at 214 percent in 2015, according to the ministry's 2014-2018 financial management plan for them, which will be submitted to the National Assembly on Monday.

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