Honestly with this kind of "enhanced" regulations made by South Korea it makes me wonder why other countries are not doing it and instead put the burden on all of its users, as if they are forcing them to lose interest in the market.
Probably because of this:
That could squeeze out Korea’s smaller players who cannot afford to take on the regulatory burden, CoinDesk Korea reports. Exchanges may attempt to consolidate, raising funds and banding together to meet the new requirements.
Increased spending on compliance will also trickle down to consumers, so it's not all good. It's great for casual users though, since it does look like this will help stop scam exchanges from setting up camp.