South Korea FX market reform is set to accelerate after authorities said the country will open its onshore foreign-exchange market to 24-hour trading from July, loosening long-standing restrictions as it seeks an upgrade to developed-market status from MSCI. Since the late-1990s Asian Financial Crisis, South Korea has maintained tight currency controls, with MSCI citing limited FX market access as a key obstacle to reclassification. Vice Finance Minister Lee Hyoung-il said of