The world’s top-performing stock market still isn’t a developed market. Here’s why, according to the MSCI chief

South Korea's stock market continues to be classified as an emerging market rather than a fully developed one, according to MSCI CEO Henry Fernandez. Despite its impressive performance, Fernandez points out that it still lacks the mature regulatory environment and economic stability typical of developed markets. This distinction has implications for foreign investment and investor perception, as emerging markets often attract higher risk premiums. The ongoing debate highlights the complexities in defining market maturity and the criteria that influence such classifications.