Warren Buffet-Korean Investment In Posco

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Recently,American genius investor,Warren Buffett’s investment company Berkshire Hathaway has made a USD3.5bn profit though the sale of its shares in Chinese oil firm PetroChina. bought 11% of PetroChina’s public shares in 2006 for $500m.)

During his brief visit to Korea on Oct. 25 late last month,Buffett:-

• Cautioned against overreaching in China.
• Expressed confidence in Korean equities,describing the country as “one of the world’s most attractively priced markets.”
• Buffett’s holding in Korean steelmaker Posco (PKXFF) is one of his top-performing stock investments this year where Buffett’s Berkshire Hathaway (BRKA) invested $572 million over the past three years or so for a 4% stake in Posco,and that stake is now worth well over $2 billion. He announced that he would still hang on to Posco as it is a great company which will be expected to worth more in the future.

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