I think that's roughly the equivalent level of my old Korean Epi LP Std from the late 90s. They were always nice guitars (the "Inspired By Gibson" series now even moreso, though that line adds a huge chunk to the price). Gibson's overall strategy for Epiphones has been interesting in recent years. The first attempt to create a premium line, the Elitist / Elite line of Epiphones made in Japan should have worked.... but they saddled them with a very ugly headstock, and I think the market just looked at them as "very expensive Epis" as opposed to "affordable Gibsons". Always wondered why they didn't just call them "Gibson Japan" and give them the "correct" headstock, though I guess the fear was it would threaten the parent brand, taking away sales of the US product to those who could *just* about afford a US Gibson, and wanted to buy into the Gibson name rather than the Epiphone. The "inspired" guitars are now the price I remember Gibsons being not so long ago. Eeps. Me, I'd love to see them introduce the Orville brand into the West as a sort of middle-ground between the two brands, but clearly Gibby's marketing department (who I'm sure know much better than me) opted against that.
Great looking guitar, though, yours. Have you considered removing the pickguard? I did that on mine after owning it about five years. YMMV, but losing the guard made mine look even better, richer somehow. (Course, most of the guys who inspired my LP purchase did that too, so.... horses for courses).
Epiphone are really redeveloping themselves as a higher end product now rather than "only" a budget line. Increased competition plus rising prices, I'm sure contributes, but it's nice to see. I have my eye on a new Epi currently, though not an LP - the Epiphone Blues King Studio, a very nice Robert Johnson esque parlour acoustic with a subtly hidden pickup system. Unusually they've been available left handed (though sold out everywhere currently) in both the burst and the black. Probably gonig to go for the burst, though I also have a wild notion to buy the black and get it pinstriped.