The problem here is not that it's wrong to criticize a game as racist and/or sexist; it's that his criticisms here are weak, and it reads as though he didn't spend much time playing the game or getting into the mechanics, so he went down a feature list for two paragraphs and filled the rest of the space with controversy bait.
Certain things about KOF13 seem a bit weird from a racial/sexual perspective, but no more so than many other fighting games, and quite a bit less so than some.
Incidentally, King's clothing becomes ripped to show a bra for tradition's sake; the character's original appearance in Art of Fighting had the character design as slightly more androgynous, and the shirt ripping acted as an end-of-match reveal that the character you had been fighting was female the whole time.