Buffett on lookout for Asia deals

Warren Buffett is eyeing businesses and large-cap shares in South Korea to tap into the country's growth, Bloomberg reports.

Buffett is in Korea to oversee the start of construction at metal cutter manufacturer TaeguTec, which he purchased in 2006. He already holds stakes in South Korean steel maker POSCO and Chinese car and battery producer BYD. In his annual letter to shareholders last month, Buffet says he would be making major acquisitions through his $38bn (£23bn) firm Berkshire Hathaway. He says while his familiarity with the US makes it the most likely place for a transaction, he is looking to the rest of the world for potential deals, according to Bloomberg. "Large companies appeal to me and Kore...