That’s hardly the case.
Published: 21 Apr. 2026, 20:30
Debate is growing over the pace of Korea’s rising government debt following the International Monetary Fund's warning that the country’s debt-to-GDP ratio could rise at one of the fastest rates in the coming years. While government officials stress that current fiscal conditions remain manageable, critics argue that such assessments rely too heavily on short-term indicators. They point to rapid debt accumulation, aging demographics and expanding welfare demands as factors that could strain long-term sustainability, raising concerns that underlying risks may be underestimated. [PARK YONG-SEOK]
with the Korea JoongAng Daily
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