South Korea entered the MSCI Developed Countries Index:Failed again, 3 years at the earliest!

South Korea entered the MSCI Developed Countries Index:Failed again, 3 years at the earliest!

-MSCI Releases Market Proximity Assessment-

TokioX Reports from JoongAng Ilbo article

Korea: It failed to enter the Morgan Stanley Capital International (MSCI) Developed Countries (DM) index this year as well.

MSCI: On June 22, the company announced on its website that there would be no changes to the Korean index as a result of the 2023 annual market classification.

What is the MSCI World Index:

A global stock index published by Morgan Stanley Capital International.

Markets are divided into developed countries, emerging countries, and frontier (FM) markets. South Korea currently belongs to the Emerging Markets (EM) index.

South Korea’s Emerging Markets Index is now finalized. It will take at least three years for a country to be included in the MSCI Developed Markets Index.

Conditions for the MSCI Developed Markets Index:

This year, too, Korea failed to enter the candidate group.

It is necessary to be selected for one year or more on the watch list, which is a group of candidates for inclusion in the index.

MSCI comments:

MSCI praised the company for improving access to the Korean stock market for foreign investors.

In the future, he said, “We will monitor the effects of implementing the system.”

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