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To: SKIP PAUL who wrote (6276)	12/12/1997 2:09:00 PM
From: Joe NYC	Read Replies (1) \| Respond to of 152472

Skip, Other south east asian curencies are down a lot too. Joe

To: SKIP PAUL who wrote (6276)	12/12/1997 2:27:00 PM
From: P.T.Burnem	Respond to of 152472

There is no way the won can stay that far down. This is a panic sell situation. No country in asia will be competitive with korea. Especially Japan. Korea is virtually bankrupt. 20% of GNP in bad loans. They can't sell bonds. They would not let foreign investors in. Who needs Korean wons? IMO, they ought to rename their currency. How does Korean "loss" sound? I agree with regard to Korea' competitiveness. It's a cash-n-carry country now. No cash, no carry. They will not be undersold. More dominoes to fall. PTB