Total national debt of S. Korea surpasses 6,200 trillion won

South Korea's total national debt has surpassed 6-thousand-2-hundred trillion won, approximately 4-point-7-6 trillion U.S. dollars.

On Thursday, the Bank for International Settlements reported that, in Korean won terms, the country's total debt at the end of the third quarter of 2024 had increased by over 4 percent compared to the same period the previous year.

Corporate debt is the largest type of debt, followed by household debt and then government debt.

Although government debt is the smallest, it saw the highest growth rate, surging by approximately 11 percent.

South Korea's total debt surpassed 6-thousand trillion won for the first time at the end of the fourth quarter of 2023.