Bain, he adds, has "challenged that silence in a symbolic and powerful way. I believe it marks a major moment".
But he believes fans may have reacted very differently - "it might have been explosive" - if a member of a global boyband had come out as gay.
"Bain's case was significant, but his group isn't as famous [so] it didn't cause as much stir domestically," Mr Lim says.
Bain has certainly helped raise awareness, he agrees. "It's a slow process but we're seeing more public figures speaking up or content being created around these LGBTQ issues."
But any immediate change in K-pop or the entertainment industry is unlikely, according to him.
"It's not just a social issue - it's a market issue. Male idols usually have a much larger female fanbase… [and] if you find out your favourite male idol is gay, that can shatter the illusion that you could one day be the object of his affection," said Min Yong-Jun, a pop culture columnist.
"So if they do [come out] they risk shaking the foundation their fandom is built on."
Bain, however, says his decision would be worth it if even "one person in K-pop gains strength or interest" from it.
"I've spent so long pretending… I realised that because I came out, others felt safe to do so too."
The day he came out, he recalls, several fans approached him, saying they were gay or lesbian, talking about their own identity.
"They thanked me and I thought to myself 'I should have done this sooner'."