Innovation Within a Cage: Would the Ecosystem Survive?
Regulatory and innovation contradictions are inherent in their nature, for as they create an environment free of scam and stabilize the market, it hinders sometimes free innovations or developments. The new regime comes with two-edged swords when this applies to developers and entrepreneurs in South Korea. Some appreciated the clarity it brings, so they use it as a springboard to a more robust and compliant platform. Others, meanwhile, argue that these two impediments and costs of compliance weigh heavily on small players and on startups, giving rise to the feeling that in the end, only the largest might have the resources to survive, reducing competition.