I bot some KEP at 8 as a play on reunification, but feel some confusion with the rally recently to above 10, given the worsening outlook for the company, since the Korean economy looks to fall off a cliff. If for no other reason than PR, KEP's earnings must decline, perhaps sharply if it bears the burden of paying dollars for oil (Won is down 25% since 9/30). I'd be interested to hear any analytical info you obtain. KEP has a website, but it illustrates the approach of Asian gov'ts investor relations programs--upbeat, vague, outdated.
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