https://www.koreatimes.co.kr/www/biz/2024/06/175_376630.html
Korea's MSCI inclusion faces setback due to extended short selling ban
Korea's inclusion in the Morgan Stanley Capital International Index (MSCI) as a developed country is likely to be unsuccessful once again following the extension of the short selling ban until next March, according to analysts, Friday.
www.koreatimes.co.kr
Korea's inclusion in the Morgan Stanley Capital International Index (MSCI) as a developed country is likely to be unsuccessful once again following the extension of the short selling ban until next March, according to analysts, Friday.
face setback = fall through = miscarry = suffer a setback 자칠을 겪다, 자칠에 직면하다
short selling ban 공매도 금지
MSCI inclusion MSCI (Morgan Stanley Capital International Index) 편입
be likely to = be apt to = be prone to = be liable to ~할 것 같다
unsuccessful = failed = losing 성공하지 못하는
"Given that nearly all developed countries around the world allow short selling, Korea's decision to continue to ban short selling is way out of the norm, resulting in no change in classification for Korea in terms of the MSCI index," said Douglas Kim, an analyst at Smartkarma, a Singapore-based investment research firm.
given that = considerting that = inasmuch as = in respect that ~을 고려해볼때
developed country = advanced country 선진국
less-developed country = less advanced country = developing country = underdeveloped country 후진국, 저개발국
be way ouf of the norm 기준을 벗어나다
be way out of line 일치하지 않다
in terms of = when it comes to = as regards = as for = as to = regarding = concerning ~에 관해서, ~와 관련해서
MSCI is an investment benchmark that measures the performance of equity markets across countries. It divides markets into developed, emerging, frontier and standalone categories. The evaluation criteria include the country's level of economic development, size and liquidity requirements, and market accessibility. MSCI has evaluated Korea's market accessibility as low, thereby classifying the country as an emerging market.
investment benchmark 투자 기준점
benchmark = standard = point of reference = basis = criteria = yardstick = datum point = fiducial point 기준점, 기준, 척도
measure the performance 성과를 평가하다, 실적을 평가하다
equity market 자산 시장
standalone 독립형의
frontier 프론티어, 경계, 국경, 범계
evaluation criteria 평가 항목, 평가 기준
economic development 경제적 개발, 경제적 발전
liquidity requirements 유동성 조건
market accessibility 시장 접근성
classify as ~라고 분류하다, ~로 분류하다
emerging market 신흥 시장
If MSCI includes Korea in its developed market list, $36 billion of foreign capital is expected to flow into the country, according to the Korea Capital Market Institute. The government has been making efforts to meet the conditions, such as improving the structure of its foreign exchange market.
foreign capital 외국인 자본
flow into = stream into = find one's way into = come into ~로 흘러들다, ~로 유입되다
Korea Capital Market Institute 한국 자본시장 기관
make efforts 노력을 하
meet the conditions 조건을 맞추다
foreign exchange market 외환 시장
On June 21, the MSCI will announce the long-awaited market classification results. However, the inclusion seems unlikely as the government has extended the short selling ban until next March. The government banned short selling for all listed stocks since November 2023 after detecting a series of illegal short selling activities by global investment banks operating in Korea.
long-awaited = long-expected = long-cherished 사람들이 오래 기다리던
listed stocks 상장 주식
a series of = serial = a train of = a shain of = consecutive = in a row = a concatenation of = a strin gof = back to back 연이은, 일련의
illegal short selling activities 불법 공매도 활동
illegal = illegitimate = unlawful = illicit = bootleg = unauthorized 불법의, 비합법적인
global invesetment banks 글로벌 투자 은행
On June 6 (local time), MSCI evaluated that Korea's market accessibility had deteriorated following the ban. Korea's rating shifted from a plus (+), indicating no issues and possible improvement, to a minus (-), indicating that improvement is needed.
deteriorate = aggravate = compound = worsen = dampen = exacerbate = make worse = inflame 악화시키다, 나빠지게하다
shift from A to B a에서 b로 바뀌다
indicate = point out = display = demonstrate = illustrate = manifest 분명히 보이다, 나타내다, 가리키다
The market believes that discussions on developed market inclusion can only begin after the resumption of short selling. "MSCI's position is that despite our system improvements, a fully established system and an evaluation period of at least one year are required," Korea Investment & Securities analyst Yeom Dong-chan said.
discussion on ~에 대한 논의
developed market inclusion 선진국 편입
resumption = restarting = reopening 재개
system improvement 시스템 개선
evaluation period = assessment period 평가 기간
Amid concerns, the government stated that it prioritizes improving the short selling system over MSCI inclusion. It also mentioned that it has communicated sufficiently with foreign investors and expects the risk of capital outflows from the domestic stock market to be minimal.
communicate sufficiently 충분하게 의사소통하다
prioritize over ~을 ~보다 우선시하
foreign investor 외국인 투자자
capital outflows = capital drain 자본 유출
domestic stock market 국내 주식 시장
minimal = trivial = very little = munimum = least = the smallest amount of = minor 적은, 최소한의
"While being included in the MSCI's developed market would be beneficial, it is not our primary policy goal. The likelihood of inclusion will increase once system improvements eliminate illegal short selling and establish a fair and transparent market order," Financial Services Commission (FSC) Vice Chairman Kim So-young said during a press briefing on Thursday.
beneficial = advantageous = favorable = profitable = lucrative = profit-making = money-making = commercial = rewarding = gainful 유익한, 이로운, 돈이되는
primary policy goal 주요 정책 목표
likelihood = odds = probability = possibility = chance = prospect = potential = hope 가능성, 잠재, 공산, 가망
eliminate = remove = get rid of = erase = abolish = do away with = put an end to = erase = rub out = wife out = cross out = eradicate = root out = obliterate = expunge = efface = delete 없애다, 제거하다, 근절하다
fair and transparent market 공정하고 투명한 시장
Financial Services Commission (FSC) 금융 위원회
during a press briefing 기자회견 동안에
Kim explained that an additional extension of the ban was necessary to set up a central computerized system to monitor and prevent illegal short selling practices.
additional extension 추가 연장
necessary = indispensable = crucial = essential = key = vital 필수적인, 없어서는 안될
central computerized system 중앙 전산화 시스템
illegal short selling practices 불법 공매도 관행
코리아타임스위클리
"시사와 영어를 한 번에"
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