Korea Projects State-Run Firms' Combined Debt to Hit $728.6 Bil. in 2030
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The debt of 37 major public institutions is projected to approach 1,000 trillion won by 2030, the final year of the Lee Jae-myung administration. This represents an increase of 219.1 trillion won over the four years starting this year, with the Korea Land and Housing Corporation (LH) expected to drive the overall debt growth, particularly as its debt rises by over 175 trillion won. The Ministry of Finance and Economy announced these details at t…
Korea projects state-run firms' combined debt to hit $728.6 bil. in 2030
The government on Tuesday projected the combined debt of state-run firms to reach 997.4 trillion won ($728.6 billion) in 2030, calling for comprehensive efforts to improve their financial health. The Ministry of Finance and Economy unveiled the projections in its 2026-30 financial management plan for 37 state-run firms. The plan outlines investment plans for policy projects specific to each institution and self-help measures to improve their fin…
(Sejong = Yonhap News) Reporter Ahn Chae-won = The debt of 37 major public institutions is projected to increase by nearly 220 trillion won over the next four years.
It is reported that the debt of major public institutions will increase to 997.4 trillion won by 2030, approaching 1,000 trillion won, due to large-scale investments in social infrastructure (SOC) and policy projects such as housing welfare and energy.
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