South Korea has been promoted from “Advanced Emerging” status to “Developed” in the FTSE Global Equity Index Series from September 21. Since its first listing on the FTSE Watch List in September 2004, KRX has worked with the relevant regulators and market participants to remove major regulatory restraints, such as permitting free delivery between securities accounts, expanding the grounds allowing off-exchange trades, and minimizing FX regulations for foreign investors. These improvements have allowed the Korean Market to be more aligned with global regulatory standards and practices, and in turn, has boosted international investors’ confidence in the Korea’s capital market.
As a result of the FTSE decision, the 107 stocks listed in the local market under the FTSE Advanced Emerging Equity Index will be added in the FTSE Advanced Equity Index until the next FTSE committees review.