According to the latest forecast from Korea's Ministry of Planning and Finance, South Korea's debt-to-GDP ratio will rise from 49.1% this year to 51.6% in 2026, and will rise further to 58% by 2029. Korea's Ministry of Planning and Finance stated in its third and most recent long-term fiscal outlook that according to the expected growth rate, the debt-to-GDP ratio will reach 156.3% by 2065. South Korea's Ministry of Planning and Finance emphasized that the purpose of this forecast is not to predict the specific level of debt 40 years from now, but rather to warn that if structural reforms are not carried out, a financial crisis will occur.

According to the latest forecast from Korea's Ministry of Planning and Finance, South Korea's debt-to-GDP ratio will rise from 49.1% this year to 51.6% in 2026, and will rise further to 58% by 2029. Korea's Ministry of Planning and Finance stated in its third and most recent long-term fiscal outlook that according to the expected growth rate, the debt-to-GDP ratio will reach 156.3% by 2065. South Korea's Ministry of Planning and Finance emphasized that the purpose of this forecast is not to predict the specific level of debt 40 years from now, but rather to warn that if structural reforms are not carried out, a financial crisis will occur.