1. As long as the Korean economy seems sound, even booming, the foreign banks were willing to roll over these short-term loans. 2. At a separate press briefing, Summers said U.S. President Clinton invited President-elect Kim to visit Washington to discuss in detail ways to revive the Korean economy. 3. At stake in the coming weeks, when the president-elect faces the economic prescriptions demanded by the IMF, is the revival of the Korean economy. 4. At stake in the coming weeks when the president-elect faces the economic prescriptions demanded by the IMF is the revival of the Korean economy. 5. A collapse of the Korean economy is one, and clearly the World Bank and International Monetary Fund are attuned to that. 6. A healthier Korean economy likely means more vegetable oil imports by Korea, traders said, while a stronger currency makes dollar-priced commodities cheaper. 7. A longer maturity means investors can still profit from a rebound in the Korean economy even if takes several years to take hold, he said. 8. But at the same time, the Korean economy is fundamentally sound. 9. But with the Korean economy so shaky, he reportedly had a change of heart. 10. Chaebol dominate the Korean economy. |