Kang and Kim (2018) revisited the issue on the push vs pull factors of capital inflows. They consider the heterogeneity existing in emerging market economics(EMEs) by dividing them into four subgroups and then investigate the main driver of capital inflows between push and pull factors across country groups. According to their empirical results, the push and pull factors play a different role in determining capital flows to advanced economies(AEs) and EMEs. The major drivers of capital flows to AEs are both push and pull factors, but the push factor turns out to be the main determinant of capital flows to EMEs. When EMEs are divided into four subgroups, there is a sizable heterogeneity across subgroups. Two policy implications may be derived based on the empirical results in Kang and Kim (2018). First, Individual countries need to find effective policy instruments appropriate to the financial market environment of their country, because the capital market heterogeneity between EMEs is substantial. Second, G20 platform needs to discuss ways to activate alternative policy instruments such as macroprudential policy measures to cope with the financial crisis.