Monday, April 15, 2019

Its not easy for foreigners to invest in South Korea

South Korea has made it difficult for foreigners to invest and to remain invested. Jim Rogers says he thinks there are better countries to invest in such as North Korea although he cannot directly invest there due to US laws.

"Investing in South Korea’s stocks is a real pain. You (foreigners) cannot transfer shares from one broker to another. I have invested in 50 or 60 countries around the world in my history and the South Korean stock exchange really, really, makes it difficult. I don’t think they want foreigners to invest in South Korea. I do have investments, but I don’t like investing in South Korea because the stock exchange makes it so incredibly difficult. I know businessmen who say they would rather do business in China than in South Korea because South Korea is so complicated."

Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.