TradingKey – South Korea’s stock market is approaching a milestone it has been chasing for more than a decade.

Bloomberg reports indicate that as MSCI prepares to announce its annual market classification review results on June 23, Seoul is more eager than ever to secure its entry into the developed markets club.

While the KOSPI has experienced its most intense volatility in years over the past week, it has not dampened market focus on the prospect of an upgrade—the index has gained over 90% year-to-date, leading major global benchmarks as the AI frenzy drives massive inflows into semiconductor titans Samsung Electronics and SK Hynix, lifting the entire market to record levels.