Bloomberg News

Korea Electric Gains After Korea Investment Raises Stock Rating

October 24, 2011

Oct. 25 (Bloomberg) -- Korea Electric Power Corp. advanced as much as 6.3 percent in Seoul trading after Korea Investment & Securities Co. raised its stock rating to “buy” from “hold,” saying the government is likely to raise power tariffs from next year. The state utility rose to 25,000 won as of 9:22 a.m. on the Korea Exchange. The benchmark Kospi Index rose 0.2 percent.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net


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