(MENAFN) South Korea's foreign debts soundness enhanced in the first three months due to dipping debts and increasing lending to overseas players, based on reports.
according to the Bank of Korea's (BOK) latest data, outstanding foreign debts were USD385.8 billion as of End-March, down USD9.6 billion from three months earlier.
On the other hand, external credit, which means lending to foreign players, touched USD730.7 billion at the end of March, up USD13.2 billion from three months ago.
Furthermore, the ratio of short-term foreign debts to the total external liabilities deteriorated from 27.1 percent at the end of last year to 26.6 percent three months later.
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