Local governments in South Korea include high-level local governments (one special metropolitan city, six metropolitan cities, eight provinces, one special self-governing province, and one special self-governing city) and 228 low-level local governments consisting of cities, counties, and districts.
Figures have been rounded.
1,000 South Korean won equals 0.68 U.S. dollars or 0.67 euros as of February 2025.
In 2022, the debts of local governments in South Korea amounted to roughly **** trillion South Korean won. Local government debt has been declining steadily over the past decade but has increased since 2020 due to the COVID-19 pandemic.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Statistics Korea. (November 15, 2024). Debts of local governments in South Korea from 1997 to 2022 (in trillion South Korean won) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. "Debts of local governments in South Korea from 1997 to 2022 (in trillion South Korean won)." Chart. November 15, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. (2024). Debts of local governments in South Korea from 1997 to 2022 (in trillion South Korean won). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. "Debts of Local Governments in South Korea from 1997 to 2022 (in Trillion South Korean Won)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Nov 2024, /statistics/1227929/south-korea-local-governments-debts/
Statistics Korea, Debts of local governments in South Korea from 1997 to 2022 (in trillion South Korean won) ÌÇÐÄÆƽâ°æ, /statistics/1227929/south-korea-local-governments-debts/ (last visited July 27, 2026)
Debts of local governments in South Korea from 1997 to 2022 (in trillion South Korean won) [Graph], Statistics Korea, November 15, 2024. [Online]. Available: /statistics/1227929/south-korea-local-governments-debts/
