Why Does MSCI Still Call It ‘Emerging’?
South Korea’s KOSPI surged 112% in 2026, overtook the UK’s FTSE 100, and ranked as the world’s best-performing major index in 2025. Yet MSCI’s latest annual review left the country in its Emerging Markets category for another year. MSCI CEO Henry Fernandez says South Korea’s economy is not the problem. Its currency market is. One…