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more resilient due to the deleveraging of non-conglomerate affiliated firms. Average firm performance has remained … resilient for conglomerate-affiliated corporates but weakened for all other firms. As a result, despite the low interest rate …
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Korea entered the COVID-19 pandemic with sound macroeconomic fundamentals and a resilient financial system. The initial outbreak led to a sharp decline in economic activity and employment and generated substantial economic slack. With the help of an effective COVID-19 containment strategy and...
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