Asian Economic News

S. Korea's Short-Term Debt Declines Sharply

South Korea's short-term external debt declined by $8.1 billion to $132.6 billion during the quarter ended September largely reflecting repayment by banks, the Bank of Korea said Tuesday.

Meanwhile, long-term debt increased $11.7 billion to $286.7 billion.

As of the end of September, the outstanding amount of Korea's external assets in debt instruments totaled $526.6 billion, an increase of $17.9 billion from the end of June.

by RTTNews Staff Writer

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