South Korean state companies' debt at worrisome level

04/21/2013 | Yonhap News Agency (South Korea)

The nearly 400 trillion won in debt owed by South Korea's public companies is approaching the national debt of 445.2 trillion won, according to data from the companies' regulatory filings. Recent rapid growth in the companies' debt level adds to concerns over the country's overall fiscal soundness.

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Yonhap News Agency (South Korea)

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