Daewoo's $73-bn debt

[Mr P.A. Van Heusden]

The Financial Times today (or maybe yesterdays - forgot to check the date)
reports that Daewoo is $73-bn in debt. It seems that the South Korean
government is going to intervene to cover these debts. Daewoo will be
'restructured', probably with substantial foreign intervention (foreign
lenders have refused to reschedule their share - $7.7bn - of debt).

Any comments? What's up with the South Korean 'bounce-back'? What are the
social implications of this massive government bail out of the bosses
going to be?

Peter
--
Peter van Heusden : pvanheus at hgmp.mrc.ac.uk : PGP key available
Criticism has torn up the imaginary flowers from the chain not so that man
shall wear the unadorned, bleak chain but so that he will shake off the 
chain and pluck the living flower. - Karl Marx 

           NOTE: I do not speak for the HGMP or the MRC.