
The country’s non-financial sector credit — which includes household, corporate and government debt — rose 4.1 percent from a year earlier to 6,222 trillion won as of the third quarter of 2024.
Corporate debt accounted for the largest share at 2,798 trillion won, followed by household debt at 2,283 trillion won. Government debt stood at 1,141 trillion won, according to the data.
Government debt has surged by approximately 120 trillion won, or 11.8 percent, in a year, outpacing the growth rates of corporate and household debt, which increased by 2.9 percent and 2.1 percent, respectively.
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