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To: Chas who wrote (39842)	10/12/1998 4:15:00 PM
From: Bipin Prasad	Respond to of 53903

They used to make quite a lot from domestic construction, but real estate dropped more than 50% for over 3yrs in Korea. 1. Did you know that they are giving away ships for free? 2. Anyway, do you have #s to show how much they are making from both? InSook

To: Chas who wrote (39842)	10/12/1998 4:29:00 PM
From: Bipin Prasad	Respond to of 53903

Big five have until end of month to plan reform Oct 12, 1998 - The Korean government is using the threat of liquidation to speed up the slow pace of restructuring among the nation's big five conglomerates, government officials said. If the big five chaebols -- Samsung, Hyundai, Daewoo, LG and SK groups -- fail to pare down investments in seven major industries and reform management structures, the government intends to force downsizing through creditors, the officials said. Loan collection and credit suspension would be the weapons used against insolvent subsidiaries. At a meeting of economic ministers and other officials, the government suggested the end of October as a deadline for a stronger reorganization agreement.

To: Chas who wrote (39842)	10/12/1998 4:31:00 PM
From: Bipin Prasad	Respond to of 53903

IMF, Seoul meet on growth targets, loan repayment Oct 12, 1998 - Korea's economic growth rate and repayment of loans from the International Monetary Fund are the top items in this week's quarterly talks between the Seoul government and the IMF, government officials said. The government and the IMF began the two-week meeting Sunday to set macroeconomic strategies for the rest of 1998 and to evaluate the progress of the bailout. While Korea is revising its growth target for 1998 gross domestic product down to minus-4%, the IMF is predicting minus-7% for the year. Also, some bailout loans are coming due in December.