Tag : rises

External debt of South Korea rises to $32 billion

EditorFebruary 22, 2023

February 22, 2023

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 of 2022, up from $632.4 billion in the previous year. There was an......

Business

Spending by governments on clean energy transitions rises to $1.2 trillion

EditorDecember 10, 2022

December 10, 2022

As the global energy crisis spurs new policies aimed at cutting reliance on fossil fuels, global government spending on clean energy has risen by more than $500 billion since March, according to the IEA. With this increase, governments have allocated $1 billion to clean energy investment since the COVID-19 pandemic......