COVID-19 Has Crushed Everybody's Economy—Except for South Korea's


South Korea's economic growth is one of the few that have not stagnated or declined during the coronavirus pandemic. Although much of this is due to how effectively the country handled containment protocols from the start, the overall fiscal response – which included encouraging residents to reinvest government payouts in local businesses – also played a significant role. In one province, this included using non-cash payments "that could only be spent in shops inside the region, rather than as cash that could be hoarded."

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