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Technology Stocks : Alliance Semiconductor

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Jul 10 5:00 PM EST

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To: Norrin Radd who wrote (2727)	3/9/1998 9:23:00 AM
From: DJBEINO	Read Replies (2) of 9582

Five Conglomerates' Overseas Subsidiaries Owe US$37.2 Billion According to figures released by the Ministry of Finance and Economy Monday, the top five conglomerates' overseas subsidiaries owed US$37.2 billion to foreign banks as of the end of last year, which amounted to 70.1% of the total overseas subsidiary debt of US$53.2 billion. Among the five, Samsung is the most exposed at US$10.4 billion (19.6% of the total), followed by Daewoo US$9.6 billion (18.2%); Hyundai, US$8.6 billion (16.2%); LG, US$4.6 billion (8.8%) and Sunkyong with US$3.8 billion (7.3%). A total of US$95.5 billion in debts were amassed by the end of 1997, with US$42.3 billion from domestic financial institutions being added to external liabilities. Currently US$60 billion has to be repaid this year out of which US$32.3 billion will go to foreign banks.

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