Pyongyang, December 31 (KCNA) — South Korea is burdened with nearly 153 billion dollars of foreign debts as of December 20, a Seoul-based radio reported.
This figure was made public officially by the South Korean “financial and economic board and the International Monetary Fund on Dec. 30.
The long-term debts with more than one year of maturity amount to 72.8 billion dollars and the short-term debts with less than one year of maturity 80.2 billion dollars, or 52.4 percent of all the debts.
The South Korean authorities paid 6.1 billion dollars of interest and 4 billion dollars of principal last year.
They have to pay 30 billion dollars of short-term debts from December to February next year.
Image credit: https://www.flickr.com/photos/cynthinee/9436942543/