Gov't announces road map for Seoul's inclusion in global index MSCI

The government on Friday announced a comprehensive road map aimed at securing South Korea's inclusion in the developed market index of global index provider Morgan Stanley Capital International (MSCI), including plans to operate the country's foreign exchange (FX) market on a 24-hour basis. The plan represents the government's latest effort to address the so-called "Korea discount," under which local shares trade at valuations below their fundamentals, and to position South Korea as an attractive investment destination, the Ministry of Economy and Finance said. The ministry said that if a series of measures are implemented effectively, South Korea could be placed on MSCI's watch list in the annual market classification review scheduled for June, with a decision on its inclusion in the developed market index possible in June 2027. Should the process proceed smoothly and as planned, index-tracking funds may start flowing into the domestic market in 2028, when the reclassification would take effect, with tangible benefits potentially emerging during President Lee Jae Myung's five-year termWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times