Pukyong University Hosts Education Event Amid South Korea's Debt Concerns
On July 14, 2024, Pukyong National University hosted the Student and Parent Education Exhibition. The university's president, Bae Sang-hoon, oversaw the event, which included collaborative programs.
South Korea's financial landscape is shifting. The government has introduced the 'New Leap Fund', a bad bank program to tackle delinquent debt. This comes as the country's debt-to-GDP ratio hit a record 47.2% in the first quarter of 2024. Meanwhile, projections suggest Korea's deficit-financed debt will surpass 1 quadrillion won by 2025.
Concerns arise around the student loan cancellation program. Some advocates worry it could be manipulated for political gain.
Pukyong National University's involvement in educational events continues. Meanwhile, South Korea grapples with rising debt and concerns over potential misuse of the student loan cancellation program.
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