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South Korea Is Over Being Called An 'Emerging Market' | The Big Take
Posted
June 12, 2023
Views
729
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14
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June 12, 2023
729
14
1.92%
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26:23Now PlayingSouth Korea’s stock market is one of the largest in Asia. The nation is home to huge conglomerates including Samsung and Hyundai. And yet Korea is still listed as an emerging market–not a developed one–by MSCI, the investment research firm that provides influential market indexes. Korea argues it should be elevated to MSCI’s World Index, where it would sit alongside the US, UK, Germany and other developed economic powers. The company is expected to decide this month.
Bloomberg’s Youkyung Lee () and Henry Ren () join this episode to talk about why this move matters so much to South Koreaand why some companies and market watchers are having second thoughts about whether such a move is a good idea or even worth it.
Read moreMSCI Says Korea Still Has Loads to Do to Get ‘Developed’ Status ()
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Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.
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