MSCI Maintains South Korea as Emerging Market, CEO Cites Won Trading Restrictions

According to MSCI CEO Henry Fernandez, South Korea's stock market operations continue to exhibit emerging market characteristics, prompting the index provider to maintain the country's emerging market classification. Fernandez highlighted currency trading restrictions as a key obstacle to an upgrade, noting that unlike developed markets where investors can freely buy and sell foreign currency to trade stocks at convenient times and locations, South Korean markets lack such flexibility in won transactions.
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