이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
S. Korea pitches its main market index Kospi as candidate for MSCI developed market index
- Collected
- 2016.05.30
- Distributed
- 2016.05.31
- Source
- Go Direct
New York-based MSCI said early this month that it will release on June 14 shortly after 11:00 p.m. Central European Summer Time (CEST), the results of the 2016 Annual Market Classification Review on its website. That is June 15 after 6 a.m. Korea Standard Time (KST).
The result will determine whether Korea would be listed as a candidate for the developed market index, as well as whether China A-shares and Pakistan index would be included in the emerging markets index. Peru index’s entry into MSCI’s frontier market index will also be decided at the same time.
Korea has been eyeing on a place in the MSCI’s developed market index for seven years since 2008 and has been considered as a potential candidate until 2014 when it was taken off the list for lacking progress in areas that hinders its entry into MSCI’s developed equity index.
MSCI’s announcement next month will decide the fate of the nation’s main index Kospi whether to be listed as a probable candidate for joining MSCI’s developed market index. Once listed, it will go under a one-year-long review for its actual inclusion on June 2017. MSCI kept Korea in its emerging market index, despite its two other peers – U.S. Standard & Poor’s (S&P) and British FTSE Group – reflected Kospi in their developed market indices in 2008 and 2009, respectively.
By Han Ye-kyung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]