Friday, May 18, 2018

Global Investor Jim Rogers Eyes N. Korea's Potential

Jim Rogers is an investment legend. His Quantum Fund, co-founded with George Soros, generated returns of more than four-thousand 200 percent between the 1970s and 1980s. He is also the developer of the Rogers International Commodity Index. Rogers is now eyeing the Korean Peninsula.

In an interview with KBS World Radio, the famed investor said he believes North and South Korea will merge soon, and when that happens, a united Korea will be the most exciting country in the world.

“You'll have a country of 80 million people, right on the Chinese border, huge dedicated, cheap, educated, disciplined labor in the North with lots of natural resources. In the South you have massive amounts of capital, expertise, knowledge. Right on the Chinese border, it's going to be extremely exciting. Teach your kids Korean! It will be for twenty years or so, the most exciting country in the world.”

Rogers' comment comes on the heels of remarks by U.S. Secretary of State Mike Pompeo last week that the U.S. is prepared to work with the North to achieve prosperity on par with South Korea.

In relation to the frenzy which swept South Korea after the explosion of Bitcoin, Rogers was skeptical of the lasting power of cryptocurrencies, predicting that most, if not all of them, will disappear. However, he was much more optimistic about blockchain, the technology devised for digital currencies.

- Source, World KBS