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Strategies & Market Trends : Asia Forum

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To: MikeM54321 who wrote (4437)	6/12/1998 7:42:00 AM
From: MikeM54321	Read Replies (2) of 9980

Re: Anyone Bullish on Korea? Can anyone shed some light on what's going on in Korea. I've been seriously thinking about investing Korea lately. Seems like Korea is doing everything right: 1. They immediately grabbed the most IMF Money they could (before it runs out). And agreed to their austerity terms. 2. First major strike was a complete dud. 3. Second strike was totally called off. 4. President Kim travels to US and country never even came close to unraveling. He has strong support. 5. Foreign companies (US companies) are starting to move in and purchase some bargains. Considering all the above, just recently, their equities market tank worse than other Tigers. Why? What am I missing? If Japan holds, Korea has to be one of the first wounded tigers to comeback. Everything appears to be falling into place. Any ideas? Thanks, MikeM(From Florida)

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