In an official announcement of its spokesman Jeong said: There will be no crypto activation trading restriction in the near future, and in a public press conference on January 15, Jeong Ki-Joon, spokeswoman of South Korea's President Moon Jae-in's executive office, Blue House spokesman, has stressed. The practical rules have been introduced to promote its cryptocurrency market, and it has the Ministry of Justice to ban cryptocurrencies trading. This cryptocurrency regulation task force is created by the government and proposed original reforms in it.
Source - https://www.ccn.com/south-korea-govt-confirms-no-cryptocurrency-trading-ban-market-optimistic/
They were simply following China's footstep - put in regulations such that all the crypto trading will be legit and regulated.
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