North Korea: The New ‘Hot’ Emerging Market?

North Korea has been in the news a lot already this year after the country claimed to have successfully detonated a hydrogen bomb at the beginning of January. The reclusive nation is in the news again today, but this time, the country is being touted as the next hot frontier market by James Passin, a hedge fund manager at Firebird Management. In an interview with the New York Times, James Passin stated that he believes North Korea is sitting on as much as a billion barrels of crude, which, if unlocked is enough to make the country as big a producer as Oklahoma. And it’s not…