Skip navigation

Warren Buffett Watch


Current DateTime: 04:58:32 11 Feb 2012
LinksList Documentid: 24412036
Expiration DateTime: 2/11/2012 5:00:16 AM

RSS FEED

» Help

Current DateTime: 04:58:32 11 Feb 2012
LinksList Documentid: 30078629

MOST SHARED


Current DateTime: 04:58:32 11 Feb 2012
LinksList Documentid: 31330905
Expiration DateTime: 2/11/2012 5:00:45 AM

Current DateTime: 04:58:32 11 Feb 2012
LinksList Documentid: 23452000
Expiration DateTime: 2/11/2012 5:00:40 AM

Current DateTime: 04:58:32 11 Feb 2012
LinksList Documentid: 23452764
Expiration DateTime: 2/11/2012 5:00:24 AM

Warren Buffett Calls Korean Stocks "Still Attractive" Despite Gains

Published: Friday, 26 Oct 2007 | 2:26 PM ET
Text Size
By: Alex Crippen
Executive Producer

On the eve of an Asian trip that will include his first-ever visit to South Korea, Warren Buffett says the stock market there generally looks good, despite big price gains in recent years.

In an email interview, Buffett tells Korea's Maeil Business Newspaper:

"The Korean stock market a few years ago was by far the most undervalued market in the world. Since then, there has been a huge advance in the Korean market and the won has appreciated against the dollar. Nevertheless, many Korean stocks still sell at more attractive prices than stocks in other major countries."

The newspaper notes that while the Benchmark KOPSI stock index has surpassed 2,000 (it was under 1500 at the beginning of the year), the Korean stock market's overall price-to-earnings ratio is just 12.3.  That's less than the emerging market average PE of 15.0 and 14.7 for the advanced markets average PE.

A reminder, that CNBC's Becky Quick will be traveling with Buffett on his trip to China and Korea.  We'll have complete coverage here on Warren Buffett Watch and CNBC's Squawk Box will highlight her reports.  The program kicks it all off with a preview of the Buffett trip tomorrow (Monday) morning.  Squawk Box airs from 6a to 9a ET.

Questions?  Comments?  Email me at



Current DateTime: 09:37:11 10 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 02:33:42 10 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 11:35:14 10 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 02:56:31 10 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters