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Buffett sees dlr weakness, Korea stocks attractive

Wed Oct 24, 2007 11:29pm EDT
 
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DAEGU, South Korea, Oct 25 (Reuters) - Berkshire Hathaway Inc's Warren Buffett said on Thursday he expected the dollar to get weaker and said that South Korea's stock market was still valued more attractively than other parts of the world.

Buffett was speaking to reporters during a visit to TaeguTec, an unlisted Korean company.

The Omaha, Nebraska-based company owns more than 70 businesses and has some $100 billion of stock and bond investments.

He said Berkshire Hathaway (BRKa.N: Quote, Profile, Research, Stock Buzz) continued to seek good businesses, which will get cheaper in markets if problems from the U.S. subprime mortgage crisis continue.

 

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