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... curities firm in South Korea, announced its bankruptcy.

To make matters worse, the rating agency Moody's also adjusted the credit ratings of Korean companies on a large scale on this day, including 31 companies or government agencies including Korea Telecom, LG, Samsung Electronics, Hyundai Motor, the Seoul government, and the Daegu government. Credit ratings have been downgraded by Moody's. Such a large-scale downgrade of credit rating is the first time in the history of Moody's, and thi ...

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