(MENAFN) South Korea's foreign debt grew for the third quarter as banks increased their borrowing, central bank data showed, Yonhap reported.
The country's short-term external debt registered USD131.8 billion in the end of June, up USD8 billion compared to last quarter, according to data from the Bank of Korea.
The second quarter figure marks the highest level since September 2012 when short-term foreign debt reached USD135.1 billion.
Korea's total external debt reached USD442.2 billion in the second quarter, increasing USD16.8 billion compared to the cited period.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.