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To: sandstuff who wrote (40277)	10/23/1998 10:24:00 AM
From: DJBEINO	Read Replies (4) \| Respond to of 53903

Korea protests U.S. ban on IMF aid to 5 Korean industries Oct 23, 1998 - The Korean government has issued a protest to the United States over a bill pending in the U.S. Congress that would ban additional International Monetary Fund assistance to five Korean industries. The U.S. appropriations bill, which includes additional funding for the IMF, would require that no IMF resources be extended toward the Korean semiconductor, automobile, steel, shipbuilding or textile and apparel industries. The Ministry of Foreign Affairs and Trade welcomed the proposed US$18 billion additional funding for the IMF but contended that the provision would harm Korea's industries and damage the nation's credibility as a whole.