Seoul - Yonhap
South Korea\'s national debt could multiply to more than four times its current level in less than four decades due to the country\'s fast-increasing aged or retired population, unless the government overhauls both its welfare and taxation systems, a government advisory committee said Wednesday. In 2010, the government recorded a deficit of 1.1 percent of the country\'s gross domestic product (GDP), according to the government financial policy advisory committee.