Debt owed by South Korea’s 243 local governments totaled 58.4265 trillion won at the end of 2025, according to settlement data submitted by the Ministry of the Interior and Safety. The total rose by 8.7764 trillion won, or 17.7 percent, from a year earlier. Long-term borrowing liabilities accounted for 49.7863 trillion won, while long-term liabilities due within one year totaled 5.1474 trillion won and retirement benefit provisions reached 3.4928 trillion won.
The available data shows the national total and major liability categories but does not provide a breakdown of changes by individual local government.