S. Korea remains at emerging market status under MSCI (opens original article in a new tab)

South Korea will stay in MSCI's emerging-market category as the finance ministry continues efforts to implement reforms and address concerns about currency convertibility and liquidity.

• South Korea remains in MSCI's emerging-market category due to limited won convertibility in offshore markets.
• Finance ministry states continued reforms in foreign exchange and capital markets could lead to developed-market inclusion.
• MSCI notes insufficient onshore liquidity during extended FX trading hours as a barrier to reclassification.