SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jyoti sharma who wrote (1793)2/1/1998 8:31:00 AM
From: Mohan Marette  Read Replies (2) of 9980
 
It seems like Christmas in Asia for Overseas buyers.
Jyoti,
Thanks for the advice on Korea.

It looks like as the crisis unravels in those parts many Corporations are going to find themselves in deep doo-dooo and may be forced to sell out or at the least give up part of the ownership.According to latest reports from Korea, Daewoo Corp (one of the Chaebols) is selling 50% stake in the company to GM for a 'fire-sale' price of only $330 mil.Daewoo is th 4th largest auto manufacturer in Korea and has a debt of close to 3 billion dollars (i think).I believe this will be the first of many such transactions across S.E.Asia. I look for many deals to happen in the banking sector as well.

I also saw news regarding the high interest rate situation in Korea.I guess interest rates are set high per IMF instructions putting corporations there in a rather difficult situation.According to IMF the rates are set high to attract foreing investments,but now Korea is trying to renegotiate the rates situation with IMF.If the situation continues as it is, with short term debt payments looming large over both private and government sectors,many corporations could go belly up according to government sources.

From the looks of it,I don't think the crisis in these parts, is contained by a long shot,perhaps temporarily it might be.
Any thoughts on this,anyone??
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News