The West Ham United defender has been out of action for his club for sometime due to a hamstring injury and needs more time to recover.
The All Whites coach Anthony Hudson confirmed that Reid would not be available for selection.
"We gave Winston until the very last moment to see if he would be able to be part of the camp here in Seoul," Hudson said.
"It's a shame his injury hasn't fully healed and he won't be part of this trip. West Ham have been very co-operative and we had the chance to bring Winston out here to be part of the camp off the field, which we decided against.
"We will now move forward in our planning and it opens up an opportunity for another member of the squad to stake their claim," he added.