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To: FJB who wrote (1501)	3/16/1998 11:12:00 PM
From: LLCF	of 2946

Todays WSJ: "Banks Agree to Swap $21.3 Billion in Loans With South Korea" International banks have agreed to exchange $21.3 billion in short terma loans outstanding to South Koreaan banks for new loans, with government guarantees, that mature over one to three years. The agreement, which bankers expect will go along way toward alleviating South Korea's financial crisis, was announced yesterday by Soth Korea's Ministry of Finance and Economy and Citicorp, on of three U.S. banks that spearheaded the deby renegotiation. The size of the swap, which amounts to roughly 90% of the South Koren banks' short term foreign-currency loans, exceeds even the most optmistic expectations of bankers who helped negotiate the exchange. Blah blah blah blah...... Wow, hidden in the back of section B of the WSJ..... can't be all bad! Maybe BONGDU can rustle up some cash for those steppers! DAK

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