Korbit will receive $400,000 in funding from Silicon Valley investors, with backing from some big names.
A hair and beauty salon in Seoul's Gangnam district is now accepting bitcoin payments.
If bitcoin exchanges become threatened out of existence, price discovery will still find a way.
Although China's central bank caused a stir yesterday, the Bank of Korea (BOK) issued statements of caution and optimism.
Korean wallet startup Coinplug takes bitcoin for half its $400,000 seed round investment.