New MSCI office highlights Korea’s rising importance

The opening of MSCI’s new office in Seoul this week has underlined the rising importance of South Korea to the index provider and the wider investment industry, argues Henry Fernandez, MSCI chief executive. Several of the firm’s rivals – such as Dow Jones Indexes, FTSE and S&P Indices – are similarly bullish about Korea’s prospects, highlighting the potential growth of the country’s big institutional investors. Neither FTSE nor Dow Jones Indexes has a local presence in Seoul…