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| | Online NewsHour: South Korea Troubles -- December 4, 1997 |
 | | South Korea's double digit economic growth of the 70's and 80's was known as the Miracle on the Han River, because much of the boom took place along that river in and near Seoul. |
 | | By 1994 South Korea, with 43 million people, was the world's largest producer of home appliances, the second largest producer of semi-conductor chips, and the second largest ship builder, more semi-conductors by last year, Korea was the 11th largest economy in the world, as large as Thailand, Indonesia and Malaysia combined. |
 | | Korea's finance minister promised to "make their management transparent and refrain from excessive borrowing." Yesterday, the Korean government also ordered nine merchant banks to suspend operations, giving them until March 1st to restructure their finances. |
| www.pbs.org /newshour/bb/asia/july-dec97/skorea_12-4a.html (1071 words) |
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