South Korea

“Some people say that South Korea and even China moved fast because they focused on exports. That is true. But that is no longer possible when even the developed countries are not going to grow fast. And the attitude in the developed countries is also changing …”

“I think there is increased interest in, in India and in Southeast Asia and in South Korea, specifically as people think of other ways to get exposure in Asia.”

“One percent or so of the world ships are built by us. Almost half are built by China. And if you include Japan and Korea, something like 90% or something like that of ships are built by just those three countries.”

“The president is going to be impeached. And when the president is impeached, well, you can forget about economic reform. You can forget about South Korea being upgraded by MSCI from emerging market to developed markets.”

“Now, whenever we have gone in for free trade agreements, you know, say like with South Korea, with the Southeast Asian countries, Australia, we've lost out. Because they have been able to increase, use that free trade agreement to send their exports. We are no…”