I agree, but this potentially sets judicial precedence (or common law), so any future cases, and even their legislative branch, at this point in time, should acknowledge the fact that Bitcoin is formally recognized as an asset with measurable value until a law is passed that says otherwise. It's pretty big for people who get scammed out of their Bitcoins because the court would formally recognize that they were defrauded of something with actual worth.

Making litigation easier and less vague is beneficial (though not towards acceptance) for their citizens. It's also quite literally acknowledgement because the courts have ruled that it as an asset with value. Their government itself has already treated it as such by proceeding to seize the 191 Bitcoins ruled to have been earned illegaly.

Either way, we seem to agree that the ruling doesn't really bring South Korea further as far as government acceptance goes, so let's just agree to disagree on the other points.