I Love-Love-Loved this picture: 가자....가자!! The cutest picture ever!!! <It took me about half an hour to find it!>It was in today's Globe and Mail~~

Lets go JAPAN! KOREA! and Mr. Buffett for giving us hope~~ I want to work for TaeguTec Korea!!!!

0321buffett

Buffett Visits Korea, Scouts for Deals

DAEGU, South Korea—Berkshire Hathaway Inc. Chairman Warren Buffett said Monday that his investment vehicle is seeking further acquisitions following a $9 billion purchase of Lubrizol Corp.

"We're looking at a number of big businesses in Korea, the U.S., the U.K. We hope to find good companies wherever they may be. Basically, it's the bigger, the better," he said at a news conference.

The billionaire investor flew Sunday night into the manufacturing city of Daegu, about 300 kilometers (185 miles) southeast of Seoul, to attend a ground-breaking ceremony on Monday for a factory run by a Korean unit of Iscar Metalworking Cos., an Israeli maker of metal-cutting tools that is 80%-owned by Berkshire.

Warren Buffett said he is ready to make more acquisitions in Korea, the U.S. or the UK, and he said "the bigger the better". WSJ's Shira Ovide talks with Kelsey Hubbard about Berkshire Hathaway's next move, plus Buffet's positive outlook on Japan.

Mr. Buffett, in gray sweat pants and running shoes, arrived at the Daegu airport—his second visit to the city since 2007—on his private jet and was greeted by scores of citizens, politicians and business leaders and a city marching band. Some were holding banners welcoming him and others waved Korean and U.S. flags.

The 80-year-old investor canceled a plan to visit Japan to speak at the opening ceremony of a new factory on Tuesday after the earthquake, tsunami and nuclear crisis hit the country. Instead, he chose to meet with South Korean President Lee Myung-bak later Monday.

But he said the catastrophe in Japan won't derail the "economic future" of the country and said that he'll continue to maintain his investment in the world's third-largest economy.

"The 9/11 in 2001 … the horrible incident didn't change the future of the U.S. or the economic prospect of the U.S. I feel exactly the same way after what's happened in Japan. People in Japan have the same energy, they have the same desire to move on and the same resources to rebuild," he said. "So, I don't look at them differently from 10 days ago ... Frequently, extraordinary events really create a buying opportunity."

Last week, Berkshire Hathaway said it will buy chemical maker Lubrizol, its latest expansion into the industrial sector, where Mr. Buffett has been seeking new avenues for growth.

The deal was unveiled about two weeks after Mr. Buffett wrote in his annual letter to shareholders that he was ready for another major acquisition. He wrote that he had his "elephant gun" loaded, and that his trigger finger was "itchy" for a new purchase.

Analysts expect Berkshire, with $38 billion in cash and cash equivalents at the end of 2010 and billions more expected to pile up this year, to make several more acquisitions as Mr. Buffett tries to expand the already massive conglomerate at a rate faster than the broader stock market.

Mr. Buffett said his investment isn't based on any particular sector or industry, but he isn't interested in electronics companies.

"I simply look for businesses, what I think I have some understanding of, what they might look like in five or 10 years. We're not looking at particular sectors. But I don't think I can bring on the table electronics companies. We have very few. We're likely to hold a very few in the future," he said.

Mr. Buffett said Berkshire Hathaway still holds a stake in Posco and some "small-cap" stocks in Korea. He added that the company is also looking at a number of companies in Korea for investment.

"We own in the area of 4% of Posco. It's an incredible steel company," he said. "We're looking at buying entire businesses in Korea. We're looking at buying large-cap businesses here. Korea has a number of large companies obviously. It's a hunting ground."

Berkshire Hathaway, which bought into Posco in 2006, currently owns about 4.5% of the company, according to the Korean steelmaker.

At his meeting with the South Korean president, Mr. Buffett described the country as a "promising market" and said he will point to the success of South Korea at the next shareholders' meeting of his company.

Asked about the prospects for the U.S. economy, Mr. Buffett said the overall economy is recovering, with the exception of the housing market, and he expects the economy will "get better," according to Seoul's presidential office.

He said North Korea isn't a big threat to his company's investments in South Korea despite the escalation of tension on the peninsula.

"Certainly nothing has happened in that respect. In any way, it [North Korea] won't reduce my interest in investing in South Korea, nor in expanding business we have here," he said.

Mr. Buffett has professed a preference for cash-generating businesses with little debt and a substantial share of the market in their sectors, large competitive advantages over rivals, and solid management that he can leave in place. He has said acquisition targets need to have pretax earnings of at least $75 million.

Other Berkshire acquisitions have included the more than $26 billion purchase last year of railroad operator Burlington Northern Santa Fe; the $4 billion purchase of Iscar in 2006; a $4.8 billion purchase of the majority of Marmon Holdings, the vehicle of the Pritzker family which oversees manufacturing and service companies, in 2008; and smaller deals to buy Japanese toolmaker Tungaloy Corp., electronic-parts distributor TTI Inc. and power company PacifiCorp.

http://online.wsj.com/article/SB10001424052748704433904576213564060682764.html

Warren Buffett to visit Bangalore-based TaeguTec India

Balakrishnan, March 17, 2011 (New Delhi)

Legendary US investor and well-known philanthropist Warren Buffett’s first stop during his India visit next week will be at Bangalore-based tool maker TaeguTec India.

TaeguTec India’s parent company I-M-C is controlled by Berkshire Hathway. The company specialises in tungsten carbide cutting tools, tungsten carbide rolls and industrial products. (Also read: Want a free lunch with Warren Buffett? Buy a motor insurance)

Just ahead of the visit of Warren Buffet's visit to the factory, there is a lot of buzz among the employees who are looking forward to meet the billionaire investor. TaegueTec managing director L Krishnan says he has been flooded with queries even since the news broke and is quite excited about playing host to the Sage of Omaha.

TagueTec connections to Warren Buffet dates back to May 2006, when Berkshire Hathway bought an 80 per cent stake in TaeguTec's holding company, the IMC Group. Headquartered in South Korea, TaeguTec India was established in 2000 aimed at cost reduction for customers and currently generates revenues of over Rs. 200 crore.

TaeguTec India has been delivering strong performance for Berkshire Hathaway and plans to double its revenues in the next 3-5 years. This facility on the outskirts of Bangalore employs about 160 people and is a major supplier to the automobile industry.

Krishnan says Warren Buffet's visit will not only help showcase their capabilities but also India's strength in high-end manufacturing.

During his Bangalore stopover, Warren Buffet is also likely to meet other industry leaders largely from the manufacturing industry at an event hosted by CII.