AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

KOREA'S DEBT GROWS DUE TO SPENDING ON CURRENCY STABILIZATION.

AsiaPulse News

| April 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 1 Asia Pulse - South Korea's national debt grew over 16 trillion won (US$16.1 billion) in 2007 as the government raised more funds to stabilize the local currency market, government officials said Tuesday.

According to the Ministry of Strategy and Finance, South Korea's state debt amounted to 298.9 trillion won last year, up 16.1 trillion won from a year ago. The figure is 33.2 per cent of the nation's gross domestic product, slightly down from 33.4 per cent a year ago.

Per capita debt came to 6.16 million won based on South Korea's population of 48.4 million as of the end of 2007, the ministry said in the settlement of accounts for fiscal 2007, approved by the Cabinet earlier in the day.

The ministry attributed the 2007 debt growth to bond issuance aimed at stabilizing the ...

Related articles from newspapers, magazines, journals, and more
South Korea Nuclear Power Market Analysis and Forecasts to 2015.
Press release article from: Business Wire February 24, 2009 700+ words
...report is available in its catalogue. South Korea Nuclear Power Market Analysis and Forecasts...www.reportlinker.com/p0102254/South-Korea-Nuclear-Power-Market-Analysis-and-Forecasts-to-2015.html South Korea Nuclear Power Market Analysis and Forecasts...
South Korea's growing soft power gives it a larger role in global governance.
Newspaper article from: The Daily Star (Beirut, Lebanon) November 11, 2009 700+ words
...Asian Nations met in Thailand last month, South Korea was an important presence. Quietly, South Korea has moved away from being defined by its...Asian Nations met in Thailand last month, South Korea was an important presence. Quietly...
SOUTH KOREA'S PER CAPITA GDP OVERTAKES TAIWAN'S FOR FIRST TIME.
News wire article from: AsiaPulse News April 6, 2006 700+ words
...twist in 2005, with South Korea overtaking Taiwan...appreciation of the Korean won against the U.S...should not overlook South Korea's rapid economic...Institute, said the won's appreciation...the reasons behind South Korea's overtaking Taiwan...
South Korea's nuclear surprise: as more and more countries adopt the IAEA's...
Magazine article from: Bulletin of the Atomic Scientists Kang, Jungmin Hayes, Peter Bin, Li Suzuki, Tatsujiro Tanter, Richard January 1, 2005 700+ words
...INTERNATIONAL Atomic Energy Agency (IAEA), South Korea publicly disclosed its past secret nuclear...these activities to the IAEA in Vienna. South Korea's surprise reappearance on the list...years after they had been suppressed by South Korea's secretive nuclear establishment...
South Korea Draws Largest TV Audiences for June 10-16, According to Nielsen...
Press release article from: Business Wire June 28, 2002 700+ words
Business Editors South Korea may have been eliminated from...Portugal, 1-0, at Incheon South Korea, June 14, making it the...that time slot). The game, won by Germany, 1-0, eliminated...a) Audience) (Persons) South Korea 10,920,000 43 Portugal...
SOUTH KOREA, THE BARRIER ECONOMY
Newspaper article from: The Boston Globe Tom Ashbrook, Globe Staff March 29, 1987 700+ words
...import practices. By South Korea's measurement, its...liberalization" in South Korea simply means that particular...be announced. Much of South Korea's recent export success...US dollar, the Korean won has edged up only 3...
South Korea, EU holding 'constructive' FTA talks, Seoul's negotiator says.
News wire article from: YON - Yonhap News Agency of Korea May 8, 2007 700+ words
...said Monday that negotiations between South Korea and the European Union aimed at forging...originally expected." Earlier in the day, South Korea and the EU began their first round of...another major economic partnership since South Korea has reached a landmark FTA with the...
SOUTH KOREA, EU FACE STICKY ISSUES IN FREE TRADE TALKS.
News wire article from: AsiaPulse News July 16, 2007 700+ words
SEOUL, July 16 Asia Pulse - South Korea and the European Union will kick off...negotiators from the two sides, headed by South Korea's Deputy Trade Minister Kim Han...of negotiations was held in May after South Korea concluded tough and drawn-out talks...
For more facts and information, see all results
©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA