South Korea’s Short-Term Overseas Debt Rises to $136.3 Billion
This article is for subscribers only.
South Korea’s short-term overseas debt rose in the first quarter as foreign investors purchased Korean bonds amid Europe’s worsening sovereign-debt crisis.
External debt maturing in one year or less gained $169 million to $136.3 billion as of the end of March from a quarter earlier, the Bank of Korea said in a statement today. Long-term external debt increased to $275.1 billion from a revised $262.2 billion in the fourth quarter.