The big question is: How many more to follow?
The current conventional wisdom is that nobody outside of the
top 5 of the top 30 chaebols is safe. Already you have Daewoo,
the #3 chaebol, taking over the #6 chaebol, Ssangyong Motors,
thereby strenghtening Daewoo's car division. That kind of asset- shuffling and consolidation is probably what's going to happen
at the top 5 chaebols which include Hyundai and Samsung
biz.yahoo.com
Here's an overview of the potential troublespots all over the
world.
BIS provided the following figures over the amount of money
owned by countries or regions to banks that report to BIS.
Country Amounts outstanding: (in millions of dollars)
June 1997 Dec 1996 Dec 1995
Asia, of which: 474,169 439,700 372,025
South Korea 116,823 108,792 83,260
Thailand 98,941 98,693 92,178
China 85,699 79,644 67,061
Indonesia 60,626 56,518 48,932
Malaysia 32,813 25,835 18,756
India 21,638 19,467 17,049
Philippines 16,501 13,351 8,067
Latin America, 275,059 267,191 247,115
of which:
Brazil 87,599 83,418 73,745
Mexico 73,312 73,216 73,311
Argentina 39,274 38,342 34,783
Eastern Europe 96,630 94,737 88,227
of which:
Russia 54,232 53,547 49,522
Czech Republic 9,623 9,544 8,042
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