English

S. Korea’s financial deficit

Pyongyang, August 22 (KCNA) — South Korea is now saddled with a colossal amount of financial deficit, a Seoul-based radio reported.

It is foreseen that the deficit will reach 17,500 billion won this year. On top of it, more than 50,000 billion won should be invested in the “structural readjustment” of financial organs.
As a result, South Korea has to pay over 9,000 billion won in interest for enormous financial deficit every year from the year after next.

Image credit: https://www.flickr.com/photos/htsh_kkch/1269937876/

Related posts: