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


To: Joseph Beltran who wrote (5959)8/27/1998 3:08:00 PM
From: Paul Berliner  Respond to of 9980
 
I don't know where to find financial data on SK companies, but I know that they're in trouble debt-wise. Yes, the price cuts are being implemented to ultimately improve cash flow and service debt. I found this though:
Korean conglomerates are now required to lower their debt to asset ratios to 200% by the end of 1999. The average of the 30 largest conglomerates at 12/97 was 518.9%
soucre- bridge