South Korea's $1.8 trillion stock market is one of the biggest in Asia. The country has higher purchasing power than Japan or Spain. But by one influential measuring stick, South Korea is still designated as an emerging market and not a developed one. Amazon Business Honors Ricardo Gurgel, owner of Veggie Root Tavern.
South Korea’s stock market is one of the largest in Asia. The nation is home to huge conglomerates including Samsung and Hyundai. And yet Korea is still listed as an emerging market — not a developed one — by MSCI, the investment research firm that provides influential market indexes. Korea argues it should be elevated to MSCI’s World Index, where it would sit alongside the US, UK, Germany and other developed economic powers. The company is expected to decide this month.
Bloomberg’s Youkyung Lee and Henry Ren join this episode to talk about why this move matters so much to South Korea — and why some companies and market watchers are having second thoughts about whether such a move is a good idea — or even worth it.
Read more: Why Bringing a $1.8 Trillion Stock Market to the Big Leagues Could Backfire
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