Mark Mobius, a veteran investor in the emerging market sector, would be ready to invest in North Korea if only it was a possibility. Speaking to CNBC, Mobius said he was optimistic about the country’s prospects after the announcement of the voluntary destruction of nuclear testing facilities by the Asian country, an announcement that precedes a meeting between North Korean leader Kim Jong-Un and US President Donald Trump expected for June and which many already call “historical”.
Unification seems to be at hand
If all goes well, Mobius now expects the two Koreas could come back together “in our lifetime”, just like Germany did after 1990. In this case, it would be a “beautiful combination” since the South has the technology, the know-how, the manufacturing capacity and the North has resources. The unification could, therefore, lead Korea to become one of the most interesting countries in which to invest in the future.
Mark Mobius would invest in North Korea if he could from CNBC.
A positive combination for business
Unification will have costs, but would be “very very beneficial” on the long-term, according to the expert. So investors who will be the first to invest in (ex) North Korea “should do very well” given the potential synergies that such a reunification would create. Who knows whether the rumours that have arrived in the last hours from Pyongyang, about Kim’s “non-interest” to meet Trump if the meeting were to focus solely on the issue of denuclearization, will dampen Mobius’ enthusiasm?