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Not sure what country you live in, but my guess would be that your country hasn't made the same kind of noises about how wide-ranging GDPR enforcement actions can be.

Personally I don't know about non-EU/UK countries with GDPR-style (or stronger) laws, so if I were operating a website that needed GDPR compliance (and decided to instead block visitors from the EU/UK), I probably would have no idea about needing to do something about visitors from your country.

So I expect their "true reasoning" is just ignorance.

From which country are you connecting?

South Korea - I was there until very recently. Feel free to look up the privacy laws, they're basically GDPR with extra cherries on top and a chocolate flake. Never got blocked by any of the websites called out here for blocking EU IPs on GDPR grounds.

Has South Korea fined any foreign companies a billion dollars for violating their privacy laws? I have a feeling that may be the difference.

seriously, what would their true reasoning be