SKIET, SK바사, Ecopro BM Added to MSCI Korea Index

[Asia Economy Reporter Song Hwajeong] SK IE Technology (SKIET), SK Bioscience, and EcoPro BM have been newly included in the Morgan Stanley Capital International (MSCI) Korea Index.

According to the financial investment industry on the 12th, MSCI announced its August quarterly review on the same day. MSCI selects index inclusion stocks based on market capitalization and free float market capitalization. In this quarterly review, SKIET, SK Bioscience, and EcoPro BM were newly included, while KMw was removed from the index. Krafton, which was expected to be included early, was not announced by the second day after listing, the early inclusion criterion, resulting in the failure of early inclusion. If early inclusion is deferred, the inclusion will be reconsidered in the next regular review. The next index adjustment will be the November semi-annual review. Previously, KakaoBank met the total market capitalization and free float market capitalization criteria for early inclusion on the listing day and succeeded in early inclusion.

Additionally, SK Telecom's inclusion weight in the index was reduced to the current 25% due to an increase in foreign ownership ratio following the sale of treasury shares. MSCI adjusts the free float ratio based on the available shares that foreigners can additionally acquire for stocks with foreign ownership limits.

The results of this MSCI quarterly review will be reflected in the index after the market closes on the 31st.

This content was produced with the assistance of AI translation services.