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Monday, October 3, 2011

South Korea: "National debt set to keep climbing"

from koreajoongangdaily..........

"Amid concerns about household borrowing and rising inflationary pressure, ballooning national debt is shaping up as the next big headache for Korean taxpayers. 

The Ministry of Strategy and Finance yesterday released a report indicating that national debt will likely climb 25 trillion won ($21.2 billion), or 6 percent, next year to 448.2 trillion won"..............READ MORE

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