South Korea's Foreign Debt Edges Up in Q2
Foreign debt stood at 665.1 billion US dollars at the end of June, up 0.1 billion dollars from three months earlier, according to the Bank of Korea (BOK).
Short-term foreign debt with maturity of less than one year declined 11.8 billion dollars to 161.9 billion dollars in the April-June quarter, but long-term external liability expanded 11.9 billion dollars to 503.2 billion dollars.
The ratio of short-term foreign debt to the total external liability retreated 1.8 percentage points from three months earlier to 24.3 percent at the end of June.
The ratio of short-term foreign debt to foreign reserves slipped 2.4 percentage points to 38.4 percent.
Net external credit, or external credit minus foreign debt, fell 2.4 billion dollars to 353.8 billion dollars in the second quarter.
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