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Fri, Apr 20, 2001 - Page 19 News List

Interest rate cut no help to chips

Despite this week's unexpected interest cut, analysts have been told demand for chips may keep sliding through June

BLOOMBERG , SEOUL

The idea: Exporters struggling to stay afloat because of waning orders from overseas can dial 6000-5119 -- the last three digits deliberately picked because they are also the nation's fire emergency phone number -- for advice.

"People used to think the recovery will come about in the second half," said Park Yoon-hwan, who is responsible for the 119 call center. "Not any more. Pessimism prevails everywhere -- from chipmakers to textile companies."

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