Alliance Semiconductor Message Board

STOCKTALK

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.

Technology Stocks : Alliance Semiconductor

ALSC 0.810

0.0%

Jul 10 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: DJBEINO who wrote (3923)	9/8/1998 11:18:00 PM
From: DJBEINO	Read Replies (1) of 9582

World Bank opposes subsidy conglomerates requested Sep 09, 1998 - The World Bank informed the Korean government that it would suspend a US$2 billion bailout payment to Korea if the Seoul government provides a subsidy to the nation's five business groups for restructuring, a high-ranking government official said Tuesday. He said that the World Bank would consider the financial arrangements requested by the chaebol groups as a subsidy, adding that the bank intends to halt the scheduled aid to Korea if the government accommodates the request. Relevant government offices, including the Ministry of Finance & Economy and the Ministry of Commerce, Industry & Energy, held an urgent meeting at the Blue House to discuss the matter and have decided not to provide any preferential financial aid to the conglomerates.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next