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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST
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To: FUZFO who wrote (35362)2/19/1998 9:06:00 AM
From: Joseph Pareti  Read Replies (1) of 61433
 
OK the good news is we have a deal to roll over south
korea debts, but the liquidity crunch remains
the major concern, short and medium term

>Local companies' rollover rate of
>short-term debts recently reached 70 percent or
> more, easing concerns that Korea
>would face another acute currency crunch in
> March, market analysts said.
>
>However, Japanese banks, whose
>loans to Korean enterprises and financial
> institutions account for 25 to 30 percent of Korea's
>total foreign debt, are moving to
> call in loans extended to
>domestic enterprises before closing
>their books March 31.

koreaherald.co.kr
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