South Korea’s Financial Services Commission has announced that all initial coin offerings will be banned in the country. and said
"All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored."

Source: https://news.bitcoin.com/south-korea-bans-initial-coin-offerings/

What do you think? Is this ban only temporary and after implementing regulation it they will change their decision or they will do what China did?