MSCI Retains Emerging Market Appreciation for South Korea Despite Push for Upgrade

MSCI maintains its longstanding assessment of South Korea as an emerging market, despite the country’s renewed efforts to upgrade to a developed market.

The index provider’s reluctance to reclassify South Korea, without changes proposed in its latest annual statement, could rob local markets of tens of billions of dollars in inflows from global investors and is likely to disappoint politicians and regulators in Seoul.

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