South Korea has banned the ICO in the country. As informs Cryptocoinsnews, this decision the South-Korean financial supervision service has accepted during a meeting of target group on cryptocurrencies in Seoul. The purpose of the ban is to protect investors from fraud. According to the site, local publications can not come to a consensus, as News1 claims that financial supervision prohibits all types of ICO in Korea, while in JoongAng, referring to the placeman, they assure that the ban applies only to ICO launched by Korean start-ups. In any case, Korea was considered one of the markets that benefits from China's ban on this nascent financing model. Now the price of the Ethereum may suffer.
