MSCI Keeps South Korea as Emerging Market, Upgrades Bulgaria to Frontier Status
MSCI announced its latest market classification review, maintaining South Korea's status as an emerging market due to foreign exchange accessibility concerns. Concurrently, MSCI upgraded Bulgaria to frontier market status, while Vietnam and Argentina remained unchanged.
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MSCI keeps South Korea as emerging market, delays Indonesia review amid downgrade risk
The review comes amid hopes that Seoul could be included in MSCI's Developed Markets watchlist.
Read full article →S. Korea remains at emerging market status under MSCI
South Korea will continue its push for inclusion in the developed-market category under the Morgan Stanley Capital International index after the provider decided to keep Asia's No. 4 economy in the emerging-market category, the finance ministry said Wednesday. Overnight, MSCI said South Korea will remain in the emerging-market category despite Seoul's efforts to gain inclusion in the developed-market category, citing limited convertibility of the Korean won in the offshore currency market. "If w
By The Korea Herald
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