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To: Alan Hume who wrote (5609)11/24/1997 9:51:00 AM
From: Sam  Read Replies (3) | Respond to of 9124
 
Hi Alan,
"They have taken over and ruined DRAM market, the color TV market, the VCR market and the microwave oven market, plus probably many more that I a not aware of. They emulate the Japanese, but have not learned to back off before they shoot themselves in the foot."
Yikes! No thanks for the reminder.
One hopes that their government will get a basic lesson in capitalism from the IMF now that they have to go begging for money to prop up the little game that they are playing with their own people as well as others.

Best,
Sam



To: Alan Hume who wrote (5609)11/24/1997 12:34:00 PM
From: Sheba  Read Replies (2) | Respond to of 9124
 
Really? The Korean Cos. hate each other more than the Japanese? I was under the impression that Korea hates Japan for historical reasons, a rather nasty occupation (approx. 1900-1945). Also Japan hates Korea because the U.S. used Koreans (post 1945) as "help" during the U.S. occupation of Japan. Korea also insulted the Japanese during Hirohito's funeral. I am a little surprised that Japan may provide several billion dollars to Korea via the IMF. At least, I wonder if Japan will require some grovelling.

It will be interesting to see how Hyundai and Samsung handle their debt problems. S. Korea (Seoul Composite) was down more than 7% last night. Japan was closed for a holiday.