SEOUL: South Korea’s stock market failed to win developed market status from global index provider Morgan Stanley Capital International (MSCI), despite a set of market reform measures earlier this year, reported Yonhap.The MSCI announced the decision in a press release released Thursday (US time), saying South Korea will stay on the emerging market list for now.The country has to wait until June next year to try again for the MSCI’s watch list of developed market status.Every year in June, the MSCI reclassifies its watch list of emerging markets and developed markets, based on the countries economic development; size and liquidity of equity markets; and market accessibility for foreign inves
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