February 22, 2017 / 3:02 AM / 5 months ago

S.Korea short-term external debt burden declines in Q4

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SEOUL, Feb 22 (Reuters) - South Korea's ratio of short-term external debt to foreign exchange reserves fell to 28.3 percent by the end of December 2016 from 28.8 percent three months earlier, data showed on Wednesday.

Short-term external debt inched down to $105.2 billion by end-December from $108.6 billion at the end of September, while foreign reserves declined to $371.1 billion from $377.8 billion over the period, the Bank of Korea data showed.

The total amount of external debt fell to $380.9 billion in the period from $400.2 billion.

Reporting by Cynthia Kim; Editing by Richard Pullin

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