MSCI Seeks Proof of South Korea Reforms
MSCI says South Korea must prove its regulatory changes work in practice before earning a developed market upgrade. CEO Henry Fernandez notes ongoing hurdles like offshore won trading.
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MSCI INC Chairman and CEO Henry Fernandez stated that South Korea must put regulatory changes into practice to secure a developed-market status upgrade. Speaking at a conference in Seoul on Friday morning, Fernandez noted that while rules have progressed, actual implementation remains the primary test.
