In 2022, the debts of local governments in South Korea amounted to roughly 38.3 trillion South Korean won. While local debt had been on a downward trend since 2013, it has been on the rise again since 2019.
Debts of local governments in South Korea from 2012 to 2022
(in trillion South Korean won)
Local governments in South Korea include high-level local governments (one special metropolitan city, six metropolitan cities, eight provinces, one special self-governing province, and one special self-governing city) and 228 low-level local governments consisting of cities, counties and districts.
Figures have been rounded.
1,000 South Korean won equals 0.74 U.S. dollars or 0.70 euro as of November 2023.
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Statistics Korea. (November 7, 2023). Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. "Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won)." Chart. November 7, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. (2023). Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. "Debts of Local Governments in South Korea from 2012 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 7 Nov 2023, https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea, Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/ (last visited December 21, 2024)
Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph], Statistics Korea, November 7, 2023. [Online]. Available: https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
