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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (28975)	6/12/1998 10:56:00 AM
From: Knighty Tin	Read Replies (6) \| Respond to of 132070

Sam, Sadly, there are no Webs for Korea, yet. And the CEFs are all at premiums. However, there are some shares that may be decent. 1. Korea Electric Power (KEP) is down a ton. True, industrial activity sucks, but they haven't turned out the lights, yet. The ADRs are mostly hurt because of the strong dollar. 2. Korean Airlines is one you would have to buy from a dealer in Korean shares, but its downturn is almost totally related to the dollar, and not to business. 3. Samsung Chemical. Decent co. that is a cash cow to waste on DRAM production. <G> 4. Pohang is a good co. for the very long haul, though I don't expect a turnaround immediately. MB

To: Sam Citron who wrote (28975)	6/12/1998 11:18:00 AM
From: HB	Read Replies (1) \| Respond to of 132070

Sam, don't know if you already know of the Matthews Korea Fund (MAKOX). It is open-end, so there isn't the premium problem. I don't own it yet, but it will probably be my vehicle of choice if I decide to get into Korea. There are ADR's, but no web as yet. I posted a link a week or so back to an article (possibly several jumps to the article itself, since I got if via the Asia thread) in which a guy followed Matthews and his co-manager around on some visits to Korean companies; it was rather entertaining reading. I haven't done any hard-core diligence on the quality of the management, however; the article makes it sound like they are getting tough, but then they have been burned by Asia over the last year or two! Good luck, let us know if/when you decide to take the plunge. Or dip your little toe in. Cheers, Howard