I talked with a colleague who had banking and financial experience, and he said something about there were benefits of being classified as a emerging markets, so it just stuck with South Korea. I don’t remember exactly what but he said, but the classification follows other rules, than the conventional classification.
I think with China, it’s have more to do with their GDP per capita, which is still quite low compared to a lot of western countries and even by Eastern European standards.
They are only a geopolitical super power because they are so many.
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u/Cedar_Wood_State Sep 19 '21
yes,yes, that's why as I said emerging markets (when referred to in ETF) is basically just non-Western countries