By Kang Seung-woo
Staff reporter
Despite Korea's failure to join the league of developed market in Morgan Stanley Capital International (MSCI)'s equity indexes, analysts say it is not a bad sign for the nation's stock market.
"If Korea joins the ranks of developed market, it will be not favorable to Korea," Sakthi Siva, who serves as Managing Director and Head of Global Emerging Markets Strategy at Credit Suisse, told reporters in a press conference in Seoul, Tuesday.
"(If Korea joins the developed market), it will be a small fish in a big pond, while Korea is a big fish in a small pond in the emerging market.''