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To: Mary Cluney who wrote (46126)	1/20/1998 9:46:00 AM
From: Joseph Pareti	Respond to of 186894

Mary, in the following web site you will find the $/won diagram and the kospi diagram across 1997. Sorry it's in Italian :-) but the numbers speak for themselves. I haven't seen the WSJ article you mention, could you post it ? Thanks - Joseph ilsole24ore.it

To: Mary Cluney who wrote (46126)	1/20/1998 10:17:00 AM
From: exhon2004	Read Replies (1) \| Respond to of 186894

Mary: re >>>(In U.S. dollars terms, Korea was down 69% last year and is up 51% so far in 1998.)<<<< Did not see the article but just a note: A 50% loss will wipe out a 100% gain. In your example Korea was off 69% last year, so let's say it started out at 100. It would have ended last year at 41, (69% loss). Now a 51% gain on 41 is 41.51=21, so the market at year end would have recovered to 62, (41+21). Still considerably off it's previous level of 100 in our example. I think this is how PF and Fuchi make* money in the market. Best Regards, Greg Gimelli