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To: Jack T. Pearson who wrote (57426)	6/7/1998 2:10:00 PM
From: Paul Engel	Respond to of 186894

Jack - Re: " Korea's only hope for sustained economic development is to stay ahead of the Chinese in high tech." You're probably right. High Technology has helped perpetuate the Korean economy as their "Heavy Industries" - Ship Building, Major Construction Projects, Steel, etc. - have slipped. This parallels the United States, and Japan. Heavy basic industries flourish then fade over time as high technology grows to replace them. What then hurts is a severe recession in high technology - and Korea is seeing that now with their dependence on DRAMs. Paul