The local economy saw its worst performance in over two decades in 2020, but grew at a faster-than-expected pace in the fourth quarter, also raising hopes that it will bounce back in 2021 in line with a recovery in global trade. In a report released Tuesday, the Bank of Korea (BOK) noted that the country’s gross domestic product (GDP) contracted 1 percent in 2020 from a year ago due to the fallout from the COVID-19 pandemic

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