[Exclusive] Global Investor Jim Rogers Eyes N. Korea's Potential

Write : 2018-05-15 17:00:00 Update : 2018-05-15 17:15:57

[Exclusive] Global Investor Jim Rogers Eyes N. Korea's Potential

Anchor: When U.S. Secretary of State Mike Pompeo revealed that U.S. private investment in North Korea could become a reality, should Pyongyang agree to fully dismantle its nuclear weapons programs, the hermit kingdom suddenly became a potential destination for global investors. KBS World Radio interviewed world renowned investor Jim Rogers and got his take on what’s to come in terms of investment opportunities on the Korean Peninsula. 
Hong Suhryung has this report. 

Report: 

[Up on sound bite: Jim Rogers - Chairman of Rogers Holdings and Beeland Interests, Inc.]
“ ... the 21st century is going to be the century of change, of Asia, whether we like it or not..."

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. 

[Sound bite: Jim Rogers - Chairman of Rogers Holdings and Beeland Interests, Inc.] 
“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.  

[Sound bite: Jim Rogers - Chairman of Rogers Holdings and Beeland Interests, Inc.]
“Block chain is changing the world as we know of, and it's going to be a gigantic, dramatic change. But I doubt if many cryptocurrencies will be around, once the block chain takes over.”

To hear the full interview with Jim Rogers, tune into Korea24 on Tuesday at 7:10 p.m.
Hong Suhryung, KBS World Radio News. 

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