Is North Korea About to Have A Chinese Style Opening of Its Economy?

How long have we been hearing that North Korea is going to open up just like China?:

Legendary investor Jim Rogers said Monday that the world will face serious economic problems over the next few years, but North Korea’s opening will create a huge economic opportunity for South Korea.

The global guru made the remarks during a press briefing in Seoul hosted by major local brokerage Samsung Securities.

“Many of your trading partners are going to suffer. But you have this opening up, and if you remember what happened in China as it opened and changed, that is going to happen here and you will be the major beneficiary,” the American businessman said.

Pointing out that North Korean leader Kim Jong-un spent his early days in Switzerland and has ample knowledge about the outside world, Rogers projected that Kim will surely open up his economy.

“North Korea has lots of disciplined, educated, very cheap labor and a lot of natural resources. And [South Korea] has lots of capital, management ability and expertise,” he said, adding that the marriage of those factors will create synergy effects to make South Korea “the most exciting country in the world over the next 10 to 20 years.”  [Joong Ang Ilbo]

You can read more at the link, but what Mr. Rogers seems to forget is that China opened up after the death of Mao Zedong which ended the cult of personality in China.  The cult of personality is still alive and well in North Korea with the Kim regime.  A Chinese style opening of the economy would threaten the stability of the Kim regime.