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Quotes from Credit Agricole CIB:
-The Korean economy expanded decently in Q1, by 3.9% YoY or 0.9% QoQ. Contribution from private consumption picked up while net exports became a positive contributor to growth.
-Gross fixed capital formation continued to be strong, and inventory accumulation accelerated, pointing to an optimistic outlook in the business sector. Strong economic fundamentals, together with healthy external positions continue to support the KRW.
