In re: Korea, you left out one thing; see
biz.yahoo.com
The important part is towards the bottom:
"SEOUL - The South Korean government plans to put state-owned, blue chip companies up for sale on the international market in phases, the Planning and Budget Committee said. 'Inter-ministrial discussions on ways to sell public firms are almost over, and we plan to offer four or five firms to foreigners first, beginning in the latter part of the year,' a committee statement said. The government is considering privatising up to 10 state firms, including Korea Tobacco and Ginseng Corp., Pohang Iron and Steel Co. (POSCO), Korea Heavy Industries and Construction Co. (HANJUNG), Korea Telecom (KT), Korea Electric Power Corp. (NYSE:KEP - news; KEPCO) and Korea Gas Corp (KOGAS)."
My take: good news in the long term, but the additional float will pressure these stocks in the short term. Nevertheless, even though they're a little overreliant on nuclear, I like KEP. I'm watching and waiting for the moment.
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