1.   Still, government controls on credit allocation and thorny labor issues could deter foreigners from investing in Korean counterparts.

2.   When South Korea was trying to rebuild the economy after the Korean War, the former military rulers adopted the Japanese model of credit allocation.

3.   Improvement in administrative procedures, appropriate incentives and penalties would also support a more efficient credit allocation to small-and medium-sized enterprises, he said.

4.   In effect, credit allocation will ensue.