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To: Jim Green who wrote (2357)	1/17/1998 6:43:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 9582

Koreans on cash-only basis Foreign raw material suppliers this past week placed South Korean chip makers on a cash-only basis, putting a temporary glitch into their DRAM production. The current banking crisis left Korean banks short of foreign currency to issue letters of credit for importing such chip materials as packaging epoxy, wafers, headers, and processing chemicals, write EBN's Jack Robertson and Andrew MacLellan. LG Group confirmed it was unable to secure overseas credit for material needed to manufacture chips. "It could be one factor in the lower quantities of DRAMs the Koreans have been dropping into the spot market since the first of the year," says Montgomery Securities' Jonathan Joseph.