MSCI keeps Korea as emerging market; SK Hynix plans $29bn Nasdaq ADR listing

The index provider cited unresolved market-accessibility issues for global investors, including limits around Korean won convertibility. Korean semiconductor giant SK Hynix is seeking direct access to US investors amid surging demand for AI memory chips.

Despite having a sophisticated economy, index provider MSCI has retained South Korea’s status as an emerging market and didn't place the country on its developed-market watchlist, citing continued concerns over market accessibility for international institutional investors.

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