Seoul to continue push for MSCI developed market status after remaining in emerging category

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 be placed on the watch list for inclusion in the developed-market category, citing the limited convertibility of the Korean won in offs ...