Promising investment prospects in North Korea – Jim Rogers

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Jim Rogers

For investors the prospects for North-Korea are similar to China in 1978, says superinvestor Jim Rogers, author of Street Smarts: Adventures on the Road and in the Marketsaccording to the Korean medium Hankyoreh. “If North Korea introduces reforms and openness, it will achieve rapid economic growth in the double digits or higher.”

Hankyroreh:

“If North Korea introduces reforms and openness, it will achieve rapid economic growth in the double digits or higher.”

Speaking in an Oct. 2 interview on the Traffic Broadcasting System (TBS) program “Kim Eo-jun’s News Factory,” world-renowned investor Jim Rogers, chairman of Rogers Holdings, said North Korea is currently “in a similar situation to China when Deng Xiaoping came to power in 1978.”

“The positive changes happening in North Korea will make the entire Korean Peninsula a very suitable target for investment,” he predicted.

Rogers also offered a positive appraisal of South Korean President Moon Jae-in’s policies for their role in guiding North Korea toward reforms and openness.

“If President Moon’s North Korea policies succeed, South and North Korea will be able to save a great deal of money and bring tremendous peace not just to the Korean Peninsula but the world,” he said.

“I sincerely hope and believe President Moon’s North Korea policies will succeed,” he added.

Rogers pointed to North Korea’s abundant workforce and natural resources as factors making it an appealing investment target.“

With [North Korean leader Kim Jong-un] attempting changes, the combination of South Korean knowledge, capital, and know-how with North Korea’s human and natural resources will make a tremendous Korea that even Japan won’t be able to match,” he predicted.

More in Hanyoreh.

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