This sounds to me like a repeat of what happened with SEED[1]. The recipe is the same: a real problem followed by a hasty (and probably inferior) NIH solution, a single implementation forced down everybody's throats followed by years of technological stagnation.
Hopefully this mandate wouldn't end up being as far reaching as the SEED mandate did (forcing South Korean web to run on older Internet Explorer versions with custom insecure ActiveX controls for everything).
My country is always like this. I think it's a problem unique to East Asian countries—following orders obediently. I read the link you shared, and it seems similar.