11.   Evaluating the credit of each big Korean bank, and acting on that basis, is a good way to start.

12.   Foreign banks are already cutting credit lines to Korean banks and investment banks on concern they could default.

13.   Foreign banks are also cutting credit lines to Korean banks and merchant banks on concern they could default, accelerating the shortage of foreign currency.

14.   Foreign banks virtually stopped lending funds to Korean banks because of a raft of bankruptcies in Korea.

15.   For now, Korean banks are waiting for news of a refinancing package that would extricate them from the short-term funding squeeze.

16.   Foreign banks are also less willing to lend money to the overseas branches of Korean banks, cutting off another source of foreign exchange.

17.   He went to a Korean bank and learned that the cheapest loan originated in yen.

18.   Industry sources said Korean banks have sufficient local currency funds, but dwindling foreign exchange reserves.

19.   Instead, the Koreans will guarantee loans to Korean banks in exchange for longer maturities.

20.   Indeed, they were eager to do so because they were lending to Korean banks at much higher rates than they would charge domestic customers.