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S. Korea remains at emerging market status under MSCI
The Korea Herald
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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 ...
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