SEOUL: South Korea’s national debt ratio is expected to gain at the fastest clip among 35 advanced nations over the next five years despite its high financial soundness, Yonhap reported, citing an International Monetary Fund (IMF) report.
Seoul’s ratio of national debt to its gross domestic product (GDP) is likely to reach 66.7% in 2026, up 15.4 percentage points from the end of this year, according to the IMF report yesterday.
