South Korea joins major FTSE Russell index after bond market reforms

The green light for Seoul is something of a surprise after Morgan Stanley and Goldman Sachs Group Inc flagged the risk of a delay due to slow uptake on reforms. — Bloomberg

Seoul: South Korea will join FTSE Russell’s major global bond index next year, capping an overhaul of its financial market infrastructure in the hopes of attracting tens of billions of US dollars of foreign investment.

The index provider is also adding India to its gauge of emerging-market debt from 2025, citing officials’ progress in improving market access.