Yonhap News AgencyMay 21, 2013 19:15
SEOUL, May 22 (Yonhap) -- South Korea's external debt fell to an over 1-year low in the first quarter as the local currency's decline to the dollar undercut the value of foreigners' bond holdings, the central bank said Wednesday.
The country's external debt totaled US$410.3 billion as of the end of March, down $3.3 billion from three months earlier, according to the Bank of Korea (BOK).
The data marked the lowest reading since $398.7 billion in the fourth quarter of 2011.
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