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Jim Rogers Names North Korea Most Promising Investment Spot, but Doubts Its Infrastructure
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Jim Rogers Names North Korea Most Promising Investment Spot, but Doubts Its Infrastructure
  • By matthew
  • January 20, 2014, 03:17
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American investor Jim Rogers, chairman of Rogers Holdings, in Madrid (Spain) during an interview in 2010. (Photo by FDV via Wikimedia Commons)
American investor Jim Rogers, chairman of Rogers Holdings, in Madrid (Spain) during an interview in 2010. (Photo by FDV via Wikimedia Commons)

 

“Another country in Asia that I’m extremely optimistic about, I’ll put all of my money there if I could, is North Korea,” said Veteran investor Jim Rogers at a January 14 investment briefing in the UK, according to the Voice of America.

Previously, he commented, “The unification of South and North Korea will be possible within five years.” He added, “The combination of South Korea’s capital and technical skills, and North Korea’s labor and natural resources, is likely to make Korea grow exponentially.”

However, Rogers pointed out, “It is not easy to find where to invest because of North Korea’s industrial structure, such as a lack of capital market and its state-run system.”