South Korea's Public Finances Under Scrutiny by Fitch

South Korea's public finances are no longer a credit rating 'strength', according to Fitch Ratings. The country's debt ratio is on the rise, posing challenges for its credit profile. The government's fiscal policies are being closely monitored as efforts to contain debt are needed. The recent election outcome may impact the pace of fiscal consolidation. The economy is showing signs of growth, but concerns about inflation and monetary policy remain. South Korea faces structural challenges, such as ageing demographics, that require careful management of public finances.