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Strategies & Market Trends : Asia Forum

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To: Mark Myword who wrote (4446)	6/12/1998 9:17:00 AM
From: MikeM54321	Read Replies (1) of 9980

"In South Korea, the IMF has been unable to stanch the flow of loans from banks to the country's troubled conglomerates. Analysts warn that these infusions could land Korea in a domestic version of the foreign debt crisis that precipitated its near-collapse last year. They said the bad loans held by Korean banks could reach $90 billion by the end of the year, up from $50 billion at the end of 1997." William, This explains it! I was wondering what was pulling down Korea lately. I read bits and pieces about this, but forgot about it. So I'm guessing some might believe IMF is going to do another "yank the funds" threat to Korea. So that's why their markets are tanking. Once this passes, all we have to worry about is China devaluing and Japan collapsing. Not many problems left. :) Thanks, MikeM(From Florida)

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