South Korea’s net external credit, which is external credit minus foreign debt, is continuously on the rise.
 
According to tentative data released by the Bank of Korea on Thursday, the nation’s net external credit amounted to a new high of 423-point-one billion U.S. dollars at the end of June.
 
The nation’s net external credit has been maintaining growth since the third quarter of 2012.
 
The central bank said that the nation's foreign credit stood at 830-and-a-half billion dollars at the end of June, up by more than 17 billion dollars compared to three months ago.
 
The nation’s external liability grew one-point-seven billion dollars to 407-point-three billion dollars. Short-term debt that expires in less than one year reached 117-point-three billion dollars, accounting for nearly 29 percent of the total debt.  
 
The ratio of short-term external debt to foreign exchange reserves stood at 30-point-eight percent at the end of June, up one-tenths of a percentage point from the end of March.
 
The central bank says the ratio stands at the middle level among G-20 countries and thus there is no need for concern.