Korea's debt-to-GDP ratio projected to reach 60% by 2030 amid slower growth
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Korea's national debt is projected to approach 60 percent of its gross domestic product (GDP) by 2030, government data showed Sunday, with the pace of increase widely expected to accelerate amid slowing growth and growing fiscal burdens. The country's debt-to-GDP ratio stood at 49 percent last year, up 3 percentage points from a year earlier, according to the national settlement report from the finance ministry. The increase marks the largest annual gain in five years, after a 5.7 percentage-poi
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