MSCI Keeps Emerging-Market Rating on South Korea, Despite Push for Upgrade

MSCI is sticking with its longstanding assessment of South Korea as an emerging market, despite the country’s renewed efforts to be upgraded to a developed one.

The index provider’s reluctance to reclassify South Korea, with no changes proposed in its latest annual review, could deprive local markets of tens of billions of dollars of inflows from global investors and is likely to disappoint politicians and regulators in Seoul.

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