Yonhap News AgencyJune 11, 2013 21:33
By Kang Yoon-seung
SEOUL, June 12 (Yonhap) -- Global investment index provider MSCI Inc. retained South Korea's emerging market status on its global equities index Wednesday, citing the country's high barrier in the financial sector.
"Many international institutional investors consider that the accessibility of the Korean equity market is not at Developed Market standards," MSCI said in a statement.
MSCI, the research arm of U.S. banking group Morgan Stanley, announced the decision on its Web site early Wednesday morning (Seoul time).