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South Korea

External debt of South Korea rises to $32 billion

Government data showed Wednesday that South Korea's external debt increased by $32.1 billion from a year earlier. According to the Bank of Korea (BOK) and the finance ministry, Korea's external liabilities reached $664.5 billion by the end…

South Korea will release its overarching defense strategy

The South Korean defense ministry said Tuesday it is seeking to release an overarching national defense strategy next month to chart a mid- and long-term direction for the country's security policy. Similar to the United States' National…