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2024

S. Korea's foreign debt falls in Q2

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SEOUL, Aug. 21 (Xinhua) -- South Korea's foreign debt fell for the second consecutive quarter owing to lower long-term liability that offset higher short-term debt, central bank data showed Wednesday.

Foreign debt declined by 9.2 billion U.S. dollars to 658.3 billion dollars in the April-June quarter after reducing 5 billion dollars in the previous quarter, according to the Bank of Korea (BOK).

Short-term