After China and their limitations to the initial coin offering, we have South Korea, making the same decision. Perhaps it sounds strange, but this is perfectly understandable matter.
The explanation is in the cryptocurrency mining. It must be as safe as possible and it must be monitored. Adding new ICO to the equation simply isn’t possible.
All facilities or individuals who are involved in any way with new ICO will get Stern penalties. South Korea is the second country on the list which banns new cryptocurrencies and relies on old, well-known ones.