Watch Live

Tweet TWEET

South Korea’s Short-Term Overseas Debt Falls to $136.1 Billion

South Korea’s short-term overseas debt fell last quarter as the government struggled with the fallout from Europe’s sovereign-debt crisis.

Overseas debt maturing in one year or less declined to $136.1 billion at the end of 2011 from a revised $139.9 billion in the third quarter, the Bank of Korea said in a statement in Seoul today. Long-term external debt increased to $262.2 billion.

Policy makers have introduced various measures to reduce the volatility of capital flows while urging borrowers to rely less on short-term overseas loans.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.