Banks may need to roll over their short-term loans to South Korean borrowers for longer than anticipated in order to arrange a solution to that country's debt crisis.

Major U.S. banks-headed by Citicorp, J.P. Morgan & Co., and Chase Manhattan Corp.-are scheduled to resume meetings with foreign banks, including Bank of Tokyo-Mitsubishi and Societe Generale, in New York today. Banking sources said the talks will focus on how far banks need to extend the maturities on an estimated $29 billion in short-term loans due by the end of March.

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