- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Warren Buffett to CNBC: Curbing Fed's Independence Could Lead to 'Mischief'
- Warren Buffett to Co-Chair Goldman Sachs Program to Help Small Businesses
- Warren Buffett: 'Reasonable Return is Good Enough' for Long-Haul Railroad Ride
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Warren Buffett's Berkshire Portfolio Snapshot Coming Later Today
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
RSS FEED
MOST SHARED
- US Shoppers Spent Less Over Black Friday: NRF
- South Korea Sees Exports Bouncing, but Risks Remain
- Dubai Debt Fears to Hit UAE Stocks; Asia Rebounds
- Japan Won't Intervene to Weaken Yen: Finance Minister
- Tiger Woods Accepts Full Blame for Car Crash
- Sands China falls 10% in Hong Kong Debut
- Banks With The Biggest Exposure to The UAE
- Tiger Woods Wants to Protect Family Privacy: Agent
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- Dubai's Nakheel Seeks Suspension $5.25 Billion in Bonds
- Dubai's Debt Woes Signal New Era for Creditors
- US Shoppers Spent Less Over Black Friday: NRF
- US Senator Opposes Fed Chief Bernanke Renomination
- A Weak IPO Debut for Las Vegas Sands' Macau Unit
- US Treasury Wants Banks to Do More to Ease Mortgages
- Tiger Woods Accepts Full Blame for Car Crash
- Next Week: Cash In Now Or Wait For A Santa Rally?
Warren Buffett Watch
Text Size 
 |
AP (2003 File Photo) Posco steel mill in Pohang, South Korea. Berkshire Hathaway has profited from a stake in the company. |
The story says it will be Buffett's first visit to the country. He "will reportedly visit Korea on October 25th after a trip to China where he will attend a factory launch." Also on the itinerary: a tour of a Berkshire subsidiary in the city of Daegu, a news conference, and lunch with "Korean business leaders."
Buffett has shown increased interest in Korea over the past few years, attracting the attention of some analysts. Earlier this year, we learned that Berkshire had acquired a 4% stake in the Korean steel company Posco. That stock is up 175% over the last 12 months in New York trading.
In a fascinating page one story about an "unplugged" visit in late 2005 to Buffett's Omaha office, the Wall Street Journal quotes Buffett as saying he had begun buying some Korean stocks for his personal brokerage account, because they were too small for Berkshire:
"He picked the stocks, which he declines to name, by leafing through a reference book compiled in Korea and provided by Citigroup to some clients. The book devotes a single page to each listed company. 'You look for solid-looking companies at very low multiples of earnings, and sometimes with the added bonus of lots of excess cash,' he said. After the shares rose in price, he unloaded some of them, though he still calls them cheap."
- Chosun: A Korean-American's Inside Take on Warren Buffett (May 7)
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes