UPDATE 1-S.Korea, Taiwan remain emerging markets - MSCI | Reuters

South Korea and Taiwan are still not ready to join the ranks of developed countries in MSCI's equity indexes, the firm said on Monday.

The widely-followed index provider said both countries, currently part of its emerging markets index .MSCIEF, will remain under review for a possible upgrade in June 2011.

MSCI also decided to maintain Qatar and the United Arab Emirates in its frontier markets index. They also remain under review for a possible upgrade next year.