Bringing back the dead: Post-pandemic challenges and policies for zombie firms

Danbee Song and Jaehan Cho

No 21/11, i-KIET Issues and Analysis from Korea Institute for Industrial Economics and Trade

Abstract: Recently in Korea the number of financially distressed businesses, or zombie firms, has surged. This paper analyzes the growth of zombie firms in Korea, identifies key challenges associated with helping these firms recover post-pandemic, and describes the implications for policy carried by the analysis.

Keywords: zombie firms; zombies; Korea; marginal firms; unhealthy firms; insolvent firms; bankruptcies; COVID-19; disaster aid; disaster relief; subsidies; government subsidies; corporate subsidies; corporate welfare; bailouts; credits; SMEs; small and medium-sized enterprises; restructuring (search for similar items in EconPapers)
JEL-codes: H12 H23 H25 H32 H81 H84 L16 L25 L52 L53 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2021-06-07
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kietia:2021_011

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