Finance minister hopes for Bloomberg review of Korea's market status
Korea's finance minister has said the country's classification as an emerging market in a Bloomberg bond index should be reviewed, citing its improved market access for foreign investors, the finance ministry said Wednesday. Finance Minister Lee Hyoung-il made the remarks during a meeting with Bing Li, head of Asia-Pacific at Bloomberg L.P., to discuss ways to cooperate on the development of…
Korea's Finance Minister Lee Hyoung-il has urged for a review of the country's classification as an emerging market in Bloomberg's bond index, citing improvements in market access for foreign investors. Speaking at a meeting with Bloomberg Asia-Pacific head Bing Li, Lee emphasized the need to assess whether Korea's status as an emerging market in the Bloomberg Global Aggregate Index is still relevant.
He pointed out that despite being recognized as a developed nation by the International Monetary Fund and the World Bank, Seoul has made significant strides in enhancing market accessibility for global investors. Lee implored Bloomberg to maintain its focus and collaboration to ensure these developments are acknowledged in subsequent reviews of Korea's classification within the index.
He also underscored the significance of fostering dialogue with international investors, urging Bloomberg's assistance in disseminating this information.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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