Kimchi

Bitcoin Kimchi Premium Surges as South Korea Grapples with Political Turmoil

Bitcoin Kimchi Premium Surges as South Korea Grapples with Political Turmoil

The ongoing political turmoil in South Korea has had a ripple effect on the country’s financial market. The South Korean won has dropped to its lowest value against the United States dollar since March 2009. This devaluation is reflected in the Bitcoin Kimchi Premium, a metric showing the gap between BTC’s price in South Korea […]

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What Causes the Kimchi Premium? South Korean Experts Explain

What Causes the Kimchi Premium? South Korean Experts Explain

Last updated: March 17, 2024 19:30 EDT | 2 min read Kimchi premium crypto price discrepancy is driven by a lack of South Korean corporate investment in Bitcoin (BTC), say South Korean experts. Per Hanguk Kyungjae, a paucity of domestic investment options also drives the phenomenon that recently saw BTC prices in South Korea outpace

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