Monday, July 9, 2018

Huge economic opportunity for South Korea if North Korea opens up

Jim Rogers is optimistic that if North Korea would open up their economy, it would help South Korea and make South Korea one of the most exciting countries over the next 10 to 20 years.

"Many of your trading partners are going to suffer. But you have this opening up, and if you remember what happened in China as it opened and changed, that is going to happen here and you will be the major beneficiary." 

"North Korea has lots of disciplined, educated, very cheap labor and a lot of natural resources. And [South Korea] has lots of capital, management ability and expertise."

Jim Rogers is an amazingly smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.