Sat, 27 Dec 1997

South Korean economy collapsing

The crisis in South Korea has gotten worse. It will be worrisome from now on. The presidential election has not reestablished confidence. There was another massacre on the Seoul Stock Exchange, which lost 7.5 percent and 2,000 won were needed per dollar. Two months ago, it was 900 won. The fact is that the South Korean economy is collapsing.

-- Le Figaro, Paris