Korea must leverage the ongoing KOSPI rally to cement itself as a top-tier global capital market, competing head on with its advanced peers, the head of the bourse operator said Tuesday. Korea Exchange (KRX) Chairman Jeong Eun-bo said central to the drive will be continued market reforms to improve access for foreign investors. Included are English-language disclosures, extended trading hours and shorter settlement cycles in line with global norms, ultimately seeking inclusion in the MSCI Developed Markets Index. Short for Morgan Stanley Capital International, the index is a premier benchmark tracking large and mid-cap equities across 23 developed markets, covering roughly 85 percent of the free float-adjusted market capitalization. Korea is being considered for an upgrade to developed market status, which could take effect in 2027. “Our goal now is to become one of the world’s best capital markets,” Jeong said during a celebration of the 70th anniversary of the country’s securities market at Hotel Lotte in Seoul. “KOSPI has surged past 6,000 points and climbed to ninth place g