Wednesday, January 28, 2015

North Korea: Investing In Mining

In 1972, North Korea was richer than South Korea with their vast natural resources. They still have them. They have been ruined by the Communist. So if you go there, open a mine, silver, coal, iron ore, there are plenty of things you can do there. I did meet with people in the Government and they offer you all sort of incentives.

Korea: It`s Going To Be The Most Exciting Country In The World

It is going to be the most exciting country in the world when reunification comes. You are going to have a country of 75 million people right on the Chinese border, vast natural resources in the North, huge amounts of cheap and disciplined labor in the North. In the South you have lots of capital, lots of management ability. It is going to be unbelievably exciting!

Related trading instruments: iShares MSCI South Korea Index Fund ETF (EWY)

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