[Photo] First Economic Contraction Since the Foreign Exchange Crisis
![[Photo] First Economic Contraction Since the Foreign Exchange Crisis](http://www.asiae.co.kr/news/img_view.htm?img=2021012613190745396_1611634747.jpg)
During lunchtime on the 26th, Myeongdong Underground Shopping Center in Jung-gu, Seoul, was quiet due to the impact of the novel coronavirus disease (COVID-19). On the same day, the Bank of Korea announced that the Korean economy contracted for the first time in 22 years since the foreign exchange crisis last year. /Reporter Mun Ho-nam munonam@
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