I did heard about this news yesterday and that this has contributed immensely to the fall in price of Bitcoin. Well, this are just speculations and it will affect the market definitely. But it is just for a while and it  will pass. Same as it happened when China pulled out of the market for a time. Bitcoin price dipped and surprisingly, some weeks later it picked up in a voracious way. The South Korea is a major market that will pull some strings on the market price of bitcoin but not for long.