Industry
Unsecured national debt to soar to nearly W800tr next year
Sept. 3, 2023
Korea's national debt that relies solely on taxpayers' funds for repayment is forecast to soar to a staggering 792.4 trillion won ($601 billion) next year, which more than doubled compared to the figure in 2017, according to a government report released Sunday. In 2017, the unsecured debt amounted to 374.8 trillion won, and over the course of seven years, this figure has steadily climbed, now approaching 800 trillion won. Among the forthcoming 1,190 trillion won of total national d