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To: Satyr who wrote (46119)	1/20/1998 4:01:00 AM
From: Joseph Pareti	Read Replies (2) \| Respond to of 186894

>the Korean Stock > Market is substantialy off it's 1997 high. Unfortunately true. The Kospi was as high as 760 in early August 1997, before the S-E Asia melt-down. In dollar terms it 's even more appalling (less that 1000 won to the dollar , as late as beginning of november 1997; now even with a substantial recovery it's still about 1700 won ) I'm confident though that : (i) the people are serious about getting their act together (ii) Kim-Dae-Jung is the right guy and he seems to make clear to the chaebols top managers that transparent p&l accounting is the name of the game.