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Technology Stocks : Korea Thrunet Co Ltd - (KOREA)
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To: Mohan Marette who wrote (227)1/18/2000 1:09:00 PM
From: R. Bond   of 406
 
GOLDMAN SACHS TO SET UP CREDIT RATING AGENCY IN KOREA SEOUL - Goldman
Sachs would become the first foreign company to advance into the credit
information and rating industry here, a Financial Supervisory
Commission (FSC) official said Tuesday. Goldman Sachs applied for a
license to set up a credit information company in a joint venture with
affiliate Archon Group last week. The U.S. financial company took over
Korean non-performing loans worth US$700 million from the Korea Asset
Management Corp last year.
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