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Technology Stocks : Micron Only Forum

MU 338.18

-2.2%

Jan 13 3:59 PM EST

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To: Chas who wrote (38420)	9/14/1998 8:24:00 AM
From: Bipin Prasad	Read Replies (1) of 53903

re: Korean consolidations and no bank loans after sep 30,98., Any subsidiary of 5 JaiBeuls who can't sustain by itself won't be able to get any bank loan as of sep 30, 98 according to Korean Government on Sep 12. The 5 Jaibeuls were SamSung, LG, HynDai, CS and one more (Sorry I can't remember the last name.) SamSung and HyunDai will get a little more lead time because their consolidation process started later than others. 1. IMO, even if HD and LG like it or not, they have to consolidate within a month other wise there'll be no more money from government to keep them alive. But I don't know if American SIA is going to allow it or not because of it's size. I find it interesting that they have to get The Permission from US to consolidate in Korea. I don't think US Semi Asso. is playing fair for Koreans. Who said it's free trade? 2. I'm afraid Managed Economy might not work well in Korea in '98+. Korea is too advanced to have Managed Economy unlike in '70s and '80s. I hope it works well this time too! InSook

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