81.   What, you might ask, were Korean banks doing buying bonds from countries halfway around the world?

82.   When three Korean banks lined up to borrow money from Australian investors late last year, it was hailed as the renaissance of the Kangaroo bond market.

83.   Without those funds, one Finance Ministry official said, the Korean banks would fail.

84.   With the Japanese out of the picture, some Korean banks and other companies have offered more interest on bonds to attract other investors.

85.   Analyst Yoo said the key to reforming Korean banks is to make them behave like real corporations that sink or swim on the basis of performance, not politics.

86.   In the case of Korea, the government agreed to guarantee foreign debt incurred by Korean banks and to issue sovereign debt to raise fresh foreign capital.

87.   It is the latest of a series of foreign investment in Korean banks this year.

88.   Kim also thanked Ramos for promising to give priority to Korean banks that want to open branches in the Philippines.

89.   Korean banks have difficulty servicing short-term debt.

90.   Korean banks have many problem loans.