12 hours ago
MSCI Signals South Korea Has More Work to Do to Win an Upgrade
Global index provider MSCI Inc. signaled that South Korea's bid to secure an upgrade to developed-market status continues to face several impediments, even as it lauded efforts by the nation's authorities to improve market access and implement currency reforms.
There is need for progress in areas such as ease of capital flows, information flow as well as market structure, according to the New York-based firm's latest annual market accessibility review. It changed South Korea's short-selling rating to a plus from minus after the government ended a controversial ban on the popular trading strategy that was seen hindering market access.
