Gov't seeks to complete 70 pct of tasks for S. Korea's MSCI inclusion in H1

Gov't seeks to complete 70 pct of tasks for S. Korea's MSCI inclusion in H1 By Kang Yoon-seung SEOUL, May 21 (Yonhap) -- South Korea plans to complete at least 70 percent of the tasks required in the first half for inclusion in the developed market status under Morgan Stanley Capital International (MSCI), the finance ministry said Thursday. Second Vice Finance Minister Huh Chang discussed the government's road map for the inclusion with officials from the central bank and financial authorities, according to the Ministry of Finance and Economy. The ministry said South Korea has completed 25 of the 39 tasks needed for the country's bid to be classified as a developed market by MSCI and plans to complete three more by the end of June. Under MSCI's market classification, 23 countries and regions are categorized as developed markets, while 25 others, including South Korea, are classified as emerging markets. During the meeting, officials also discussed measures to strengthen monitoring of cross-border cryptocurrency transactions, including requiring virtual asset service providers seeking to transfer virtual assets overseas to register with the finance ministry and report details of such transactions to the central bank. colin@yna.co.kr (END) - Soaked but undeterred, fans see hope in rare inter-Korean match - BTS to headline halftime show at 2026 World Cup final - (LEAD) Teenage pianist Son Se-hyeok wins Prague Spring competition - (Yonhap Interview) 'Wars have limits,' but 'blatant disregard' for rules growing: ICRC Korea head - Teenage pianist Son Se-hyeok wins Prague Spring competition - Soaked but undeterred, fans see hope in rare inter-Korean match - (LEAD) Teenage pianist Son Se-hyeok wins Prague Spring competition - SeMA retrospective revisits works of abstract art master Yoo Young-kuk - (Yonhap Interview) 'Wars have limits,' but 'blatant disregard' for rules growing: ICRC Korea head - (URGENT) U.S., China agree Strait of Hormuz must remain open during Trump-Xi summit: White House official - Military begins formal procedures to acquire nuclear-powered submarines - Chinese President Xi likely to visit N. Korea as early as next week: sources - (4th LD) Samsung Electronics union holds off strike plan, puts tentative wage deal to vote - (News Focus) Samsung wage deal eases fears of economic shock, global chip supply disruption - (3rd LD) Samsung, union resume last-minute talks mediated by labor minister