Chinese Government Cracks Down On Foreign MMOs?

Thanks to The Korea Herald for its article regarding the battle for the massive Chinese online gaming market. Apparently, "Korean companies controlled more than 70 percent of the Chinese online game market last year in terms of revenue", but: "Last July, China's Ministry of Culture imposed a new regulation on 'Internet culture supervision,' which forces online games and all other programs transacted via the Internet to be reported to the ministry for content supervision." Due to this move, "foreign Internet content providers... [are] required to earn an ICP (Internet content provider) license... NCsoft has not received its license for 'Lineage II' as of yet." In conclusion, it's actually suggested that "worst-case scenario would be a quota on the import of foreign games, according to some analysts."