Arab Today, arab today fki national debt surpasses 1200tr won
Last Updated : GMT 11:08:08
Arab Today, arab today
Arab Today, arab today

FKI: National debt surpasses 1200tr won

Arab Today, arab today

Arab Today, arab today FKI: National debt surpasses 1200tr won

Seoul - Arab Today

South Korea's national debt, including that of public companies, reached 1,218 trillion won (US$1,135 billion) in 2012, or roughly 95 percent of the country's GDP, the country's largest federation of business groups said Tuesday. The findings released by Korea Economic Research Institute, the research arm of the Federation of Korean Industries (FKI), showed that the total debt size is 2.7 times larger than the government debt that stood at 443.1 trillion won for the one-year period.

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