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To: Dwight E. Karlsen who wrote (8921)	11/21/1997 6:13:00 PM
From: Defrocked	Read Replies (2) of 18056

From Bloomberg(16:49):Korea Seeks IMF Aid to Rescue Economy <snip> "The $20 billion may be enough to fund the short-term liquidity crisis but you need something more behind that to tackle some of the other problems," said Jin Park, a portfolio manager at Strome Susskind in Santa Monica,a hedge fund with $350 million in management."You need more money up front to regain investor confidence." <snip> Still, some investors wonder whether the IMF,other international institututions and member governments such as the US and Japan will be willing to pony up the $100 billion that some economists estimate Korea will eventually need. "You have to wonder whether there's enough money to go around to bail out these economies," said Terence Mahony, managing director of TCW Asia Ltd., which manages $1.2 billion of Asian investments. "I don't have a penny in Korea. When you write down the value of the companies' foreign debt and the servicing costs, you have negative equity, and that never happened in Latin America." WATCH SO.KOREA OVER THE WEEKEND.

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