Report warns of explosive debt increase, growth freeze

The Korea Herald

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Report warns of explosive debt increase, growth freeze

Fueled by the world’s fastest aging population, South Korea's national debt is projected to surge sixfold to 7,000 trillion won ($4.87 trillion), while the country’s productivity is expected to nearly stagnate by 2072. The National Assembly Budget Office detailed this grim outlook in its "Long-term Fiscal Outlook Report for 2025-2072," highlighting the significant impact of demographic shifts driven by a rapidly aging population and a declining …