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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Beltran who wrote (22422)	8/2/1998 9:05:00 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 70976

Joseph, unfortunately I don't have the links but there were a bunch articles that answered your questions about Korea. Basically, the IMF money went to bail out the national banks and foreign debt. When the IMF deal went through, there were a lot of discussion about how this does not trickle down to the domestic debt, therefore of no help to smaller banks and businesses, which are going through bankruptcies in the thousands per month. Regarding the chaebols, koreaeconomy.com After I read this, there was another article (which I couldn't find) stating that 4 or 5 or these Chaebols were just fined, either last thursday or Friday, something like $24 million for continue to divert money to support money losing subsidiaries. Of further interest was a report I read outlining the debt ratio of these Chaebols. None are below 1 and the highest was something like 400%. Thats all I got for now. Sorry for not having a better "filing" system. Ramsey