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Strategies & Market Trends : Korea Fund NY:KF

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To: David Y. Yu who wrote (18)	1/29/1998 1:54:00 PM
From: David Y. Yu	Read Replies (1) of 24

Another piece of good news today. >Thursday January 29, 1:14 pm Eastern Time EMERGING MARKETS-Korea fires hope in Year of Tiger By Ben Hirschler LONDON, Jan 29 (Reuters) - South Korea, the last ''tiger'' to be hit by Asia's financial crisis, is proving the first to bounce back and its recovery is fuelling hopes for the region at large. Foreign analysts said on Thursday that a deal to restructure approximately $24 billion of short-term debt on better-than-expected terms had boosted sentiment towards Asia and emerging markets generally. ''To the extent that the Korean crisis generated the worst of the Asian crisis, then what seems to be the end of the Korean crisis ought to be very positive for Asia,'' said David Lubin, emerging market adviser at HSBC. Officials at credit rating agencies Standard & Poor's and Fitch IBCA both told Reuters the agreement was ''positive'' for Korea's rating outlook............... < see this site for more detail biz.yahoo.com KF hit $9 today! GO KF GO

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