Why Korea missed MSCI watchlist again

South Korea has again failed to make MSCI's developed market watchlist, delaying Seoul's long-running campaign to move beyond emerging market status.

The decision comes despite a sweeping reform drive aimed at improving foreign investor access.

MSCI, in its annual market classification review released early Wednesday Korea time, kept Korea in its emerging market category and left the country off the watchlist for a potential upgrade to developed market status.

The decision pushes back Korea's up ...