South Korea remains in the emerging-market category as MSCI cites persistent foreign exchange market accessibility issues. Despite ongoing reforms, including plans for round-the-clock trading, the index provider requires more time to assess their impact. While the country's benchmark KOSPI has seen remarkable gains, driven by AI-related semiconductor stocks, its market accessibility hurdles continue to prevent a developed-market upgrade.
MSCI has retained South Korea in its emerging-market index, citing ongoing foreign exchange market accessibility issues. Despite Seoul's efforts to implement reforms, including 24-hour trading plans, the index provider requires more time to evaluate their effectiveness. These…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.