Mobius Says South Korean Policies May Change North
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South Korean President Lee Myung Bak’s measures against North Korea may accelerate change and help to open up the communist country “in the long run,” according to Mark Mobius.
The probability of war between the nations is “quite low” even as tensions have escalated, Mobius, who oversees about $34 billion in emerging-market assets as executive chairman of Templeton Asset Management Ltd., said in a blog posting today. “In the short term, of course, there will be anxiety.”