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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (4210)	12/16/1997 1:33:00 AM
From: Mark[ox5]	Respond to of 42787

Good news in Korea... Just got this off AOL Very very good long term news... its about time. Market controls dont work (umm, they tried that in the Soviet Union) South Korea Abolishes Controls SEOUL, South Korea (AP) - Taking new steps toward liberalizing its economy, South Korea abolished all controls on its currency Tuesday and put new life in its currency and stock markets. In other moves to attract badly needed dollars, the government announced Monday it was willing to let foreigners buy at least one debt-ridden commercial bank. The Finance and Economy Ministry also said South Korea will issue state bonds overseas worth $10 billion. The decisions reflect government efforts to boost sagging overseas confidence in South Korea's pledge to restructure its financial sector and open it to foreign investment.