Jim Rogers was Right on the Korean Market

"The trend fluctuated but continued through the first half of 2004, before reversing course in the second half of that year. The “Sell Korea” spree continued through last year’s second half, when the global economic crisis deepened. The Korean stock market thus entered a state of panic and chaos.

Korea’s “half-baked experts” at that time threatened investors, saying the benchmark KOSPI index could fall below 500 points. U.S. investment strategist Jim Rogers, however, started buying Korean stocks in October last year after predicting a bottoming out of the Korean economy and stock market. At that time, he said that if he invested then, he would earn huge profits four to five years later. The KOSPI has jumped about 50 percent in value, surpassing the 1,400 mark in recent weeks. Rogers accordingly demonstrated that he is a genuine expert unswayed by market sentiment."

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