MSCI Korea Index adds Hyundai Rotem

MSCI announced on Wednesday that South Korea's Hyundai Rotem Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index. 

The seven companies, including Celltrion Pharm Inc., Cosmo Advanced Materials, Hanwha Solutions Corp., Hyundai Steel Co., Hyundai Engineering & Construction Co.,  KT Corp., and Kumyang Co. will be removed. 

The adjustments will bring the total number of index components to 92, effective November 26, based on the November 25 closing prices.

MSCI Inc. rebalances MSCI indexes, including the MSCI Korea Index, in February, May, August, and November every year by adding new members or removing existing ones based on full and float-adjusted market capitalization.

Write to Han-Shin Park at phs@hankyung.com