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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (1852)	2/1/1998 8:36:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 9980

To anyone: oops there goes Korea, down nearly 4% on opening. Maybe Jyoti will get to buy more MAKOX cheap!

To: Rational who wrote (1852)	2/1/1998 9:08:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

Sankar, I see nothing wrong with lenders (and borrowers) doing whatever they can to extricate themselves from the situation they are in, that simply does not make them more or less crooked than the government officials sitting on the other side of the table. If you lent money with stong "encouragenmment" from the government that your money will be repaid, you would do the same. You forget that these "semi guarrantees" were given to avoid having to actually let those foreigners participate in the equity side of these chaebols. If Korea would have let greater percentage ownership of foreigners in equity of their companies, they would not have to use such excessive leverage and have on the average better balance sheets in corporate Korea, so it is not surprising that now, they are paying for past sins. We all do. Zeev