Models for photo- and electro-production of K^+ in view of new data

Predictions of isobaric and Regge models are compared with the latest experimental data (Bonn,JLab) to select among the models those providing a satisfactory description of the data. Only the Saclay-Lyon and MAID models are in a reasonable agreement with both photo- and electro-production data ranging up to about 2.5 GeV.