the problems of ICO are , 99% are scam from start
Well, like you said, that is a problem, but the fact is that for every problem, there is always a solution. So in the large essence, the solution of not being a victim of scam by doing due diligence is actually in everyone's hand and as long as we start getting to see smart investors coming out to know what to invest in, what is scam or not, then, the more the scammers will tend to start shivering out, knowing there is actually no space for them anymore in this ecosystem but as long as there are still some gullible investors, they will always get to find a way to be in. However, I believe with regulation in most of the countries, when it comes to ICOs, a lot would change.
This is great because the south korean market is already huge, it seems as if any coin that spreads in to the south korean market pumps greatly. If they can embrace ICOs to an even greater scale from a regulatory point of view then things should improve further. Hopefully more than anything it can act as a guideline for other countries to begin to take a more favourable view to ICOs and cryptos as a whole.
Yeah, it is obvious that the fact that this is a huge market on its own, the fact that the government coming to legalize the ICO space can really be a good start. Apparently, the chairman of the National Policy Committee must have seen the benefits that abound for the country if this is allowed and regulated on a large scale which is what I believe the ICO space actually needs now at the most.
Creating a working group to check frauds, and developing the blockchain industry which helps bring more innovation within the industry and help to increase the country economically is actually a very good one. Let's see if this is something that the government will listen to anyway, so we cannot say it is good news yet until it has been acted upon.