Go to content


Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Short-term External Debt Continues to Shrink in 2Q

Short-term External Debt Continues to Shrink in 2Q

Aug. 26, 2013

Download Short-term External Debt Continues to Shrink in 2Q PDF email Print

Korea's total external debt expanded US$1.5 billion from a quarter ago to reach US$411.8 billion in the second quarter, said the Bank of Korea (BOK). During the same period, short-term debt shrank US$2.6 billion to US$119.6 billion as banks cut their foreign borrowing and companies reduced their trade credit. Accordingly, the short-term external debt to total external debt ratio slid 0.7 percentage point to 29.1% in the second quarter. The ratio has steadily declined since the currency crisis when it exceeded 50% as of the end of the third quarter in 1998, according to the Ministry of Strategy and Finance (MOSF).


For full text, click the pdf icon above.
Go to list