"All you have to do is to take down the demilitarized zone. Stop spending money on defense. You had those war games every year for 50 years," said Rogers, chairman of Rogers Holdings, in an exclusive interview with The Korea Times in his residence in Singapore.
He said Seoul needs to take steps to expedite the opening of North Korea, instead of further isolating the country.
Rogers expressed skepticism about the effect of President Park Geun-hye's decision to shut down the Gaesong Industrial Complex.
"I am a fan of President Park more than any other politicians but that was a mistake if you ask me. When she closed the complex, I was surprised. That was pretty negative for South Koreans," he said. "I know she has an election in April. It is one of the few times I thought she was making a mistake."
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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