The Western media like to portray south Korea as a "fast growing economy " , "prosperity ", "democracy blah blah but the truth is different . The puppet regime's own central bank has revised the growth rate downwards to 3.4% ,, hardly a very fast rate of growth. South Korea is crippled with massive debts. The external debt is $425,353,000,000 which is virtually unrepayable and the internal debt is $1.06 trillion !!! A south Korean politician said "The sum of the sovereign, public, and pension debts reached 1,641 trillion won as of the end of last year, which was equivalent to 114.9 percent of the national GDP" what a complete disaster !
By contrast the Juche socialist People's Korea does not have a budget deficit but a small budget surplus. For years the imperialists spread rumours of the collapse of People's Korea but in 1997 it was south Korea that suffered financial meltdown and near collapse.