Seoul shares open slightly up; KEPCO rallies on price hike

SEOUL Wed Jan 9, 2013 7:09pm EST

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SEOUL Jan 10 (Reuters) - South Korean shares opened slightly higher on Thursday, tracking U.S. rises, although gains were capped by lingering caution about corporate earnings.

The Korea Electric Power Corp (KEPCO) jumped more than 3 percent after the government said it would raise electricity prices by an average 4 percent from next week to help the state-run power supplier cut losses.

The Korea Composite Stock Price Index (KOSPI) was up 0.24 percent at 1,996.54 points at 0003 GMT. (Reporting by Hyunjo Jin; Editing by Paul Tait)