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

To: Sam who wrote (2347)	2/24/1998 1:42:00 PM
From: Worswick	Read Replies (1) \| Respond to of 9980

Sam I've gone back and read a number of your posts: what a thoughtful soul you are and how good it is to have you here. Everything you say is the danger for Korea. There is great risk here that it is "business as usual". I think, however, in the case of Korea that practically everyone in Korea came from nothing to something within recent memorey and people will consider a different road given a new opportunity. Think of the LA earthquake. How much money will it cost - certainly full employment for a generation - to put North Korea past the year 1911? It is 1911 in North Korea. I think in Korea you have a man who sat alone in his cell looking at death, the end of his dreeams, the destruction of his family and everything that man builds in his life...and after that night absolutely everything since that moment has been a gift to Kim. In the equation there is also the former "democrat" who ruled Korea in the just expired previous term, the other Kim, the Kim who's son was the family bag man and who was caught. It is very clear what the dangers are to president President Kim who was always the outsider of Korean politics. The present president is surrounded by a party of well wishers - joined by the Korean nation at this point - in wanting to put the past behind them. Has the past worked for Korea? Think about this Sam. On one hand Korea had the per capita GNP of Ghana in the early 1960's. Yet, there has been considerable worship of "Asian values" in Korea and it has gotten them into the present very thick split pea soup. In a very real way with 30 chaebools employing 43% of the whole population of the country.... the past has gotten Korea the pain... which it presently enjoys. On a head's up I think in a year we will see Japan dissolve into mud and rusting Toyota's waiting on the docks waiting to be loaded but with no labor union willing to work. I think in the next year Korea will become the paradigm of the new Asia. Korea will be the future.