SEOUL IS FUN FOR THE FOREIGNERS–SO FAR
“Our problem is how to turn away financing officers from our good friends the foreign bankers without hurting their feelings,” said In-Young Chung, the Minister of Finance for the Republic of Korea.
His point was that the country’s foreign borrowing requirements this year will fall well below earlier forecasts. A year ago, the Bank of Korea, the central bank, estimated that the country would need about $00 billion in 1986.
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