CryptoMediaClub
Monday, October 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

What Causes the Kimchi Premium? South Korean Experts Explain

18.03.2024
A A
0
123
VIEWS
ShareShare

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 the rest of the world by 10%.

Kimchi Premium: Are South Korean Companies to Blame?

Despite a recent dip in BTC prices, the kimchi premium held strong at over 8% over the weekend.

A table showing Kimchi premium prices at the time of writing for Bitcoin.
Kimchi premium prices at the time of writing for Bitcoin. (Source: Cryprice)

Trading volumes on major domestic platforms also remained high, after starting a steady climb in early February.

A graph showing trading volumes on the Upbit crypto exchange over the past three months.
Trading volumes on the Upbit crypto exchange over the past three months. (Source: CoinGecko)

The media outlet quoted Hwang Seok-jin, a Professor at Dongguk University, as explaining:

“Compared to other nations, there are relatively few corporations in South Korea that hold Bitcoin. Since the amount of Bitcoin held by institutions is smaller than that held by individual investors, upward price pressure is relatively high. This is particularly noticeable during periods of excessive demand.”

South Korean news outlets were captivated when Tesla announced its Bitcoin investments in early 2021.

Speculation during the 2021 crypto bull market centered on whether South Korean firms would attempt to follow suit.

However, a series of crypto-related controversies have thus far hampered big-name companies’ bids to invest in Bitcoin.

Their cause has not been helped by legal cases involving traders who prosecutors accused of exploiting the kimchi premium.

Stock Market Blues Drive Bitcoin Demand?

Other experts claimed that South Korea’s wealth in relation to its citizens’ investment options was another factor.

The Gross Domestic Product (GDP) in South Korea expanded 2.2 percent in the fourth quarter of 2023 over the same quarter of the previous year, following 1.4 percent growth in the third quarter.https://t.co/c8X3wZxgHS pic.twitter.com/jzvrgW3Xz3

— TRADING ECONOMICS (@tEconomics) March 4, 2024

South Korean wages have been increasing every year for the past two decades. Conglomerate employees in the nation earn more than most of their East Asian counterparts, Yonhap reported this week.

However, a “lack of investment sources” persists, due to a “sluggish domestic stock market,” experts said.

Stocks took a plunge on Friday after a three-day rally as foreign investors went on a selling spree amid higher-than-expected inflation in the United States. The local currency fell sharply against the dollar. https://t.co/gwQ6OH8JQ5

— The Korea JoongAng Daily (@JoongAngDaily) March 15, 2024

Kim Young-ik, a Professor at Sogang University’s Graduate School of Economics, said:

“As the domestic stock market has recently been slow and unresponsive, there is a tendency for investors, especially the younger generation, to flock to […] cryptoassets.”

Experts claimed other factors were also at play, such as bans on overseas exchanges that target South Korean customers.

This factor alone has led to liquidity-related concerns during times of high demand. Only five South Korean companies have licenses that allow them to offer KRW-crypto trades.

A sign outside a branch of the crypto exchange Bithumb office in South Korea.
A sign outside a branch of the crypto exchange Bithumb office in South Korea. (Source: MBC/YouTube)

The media outlet conceded that a final factor that may cause this unusual crypto price phenomenon may also play a part. The newspaper wrote:

“The kimchi premium could also be evidence that South Koreans generally just have a higher level of interest in cryptoassets than people in other countries.”

The post What Causes the Kimchi Premium? South Korean Experts Explain appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money
All news

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money

06.10.2025
0

PEPE has climbed 8% over the past week, with trading volumes soaring past $700 million in a single day, fueling...

Read moreDetails
Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

06.10.2025
Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

06.10.2025
Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

06.10.2025
Load More
Next Post
Crypto Assets Suitable Only for Trading and Speculation, Not Currency Use: India’s Finance Minister

Crypto Assets Suitable Only for Trading and Speculation, Not Currency Use: India’s Finance Minister

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

WEF’s promo video shows Bitcoin mining, but leaves out the B-word

WEF’s promo video shows Bitcoin mining, but leaves out the B-word

2 years ago
Has El Salvador’s Bitcoin Bet Been a Success?

Has El Salvador’s Bitcoin Bet Been a Success?

1 year ago
Lord Miles: Polymarket Chaos over Claim YouTuber Died During 40-Day Fast

Lord Miles: Polymarket Chaos over Claim YouTuber Died During 40-Day Fast

2 weeks ago
$400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch

$400 million in ETH Withdrawn from Blast L2 Network Following Mainnet Launch

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Bitcoin’s Surge Led to Widespread Liquidations, Prompting Investors to Turn to Arc Miner

From Tether to STBL: Reeve Collins Charts the Future of Stablecoins and Web3

Fiscal Fears Fuel Flight to Bitcoin, Gold as Major Currencies Falter

Vietnam Yet To Receive Proposals For Digital Asset Trading Pilots: Ministry

Trending

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money
All news

Pepe Price Prediction: PEPE Approaches Key Support – Next Move Could Double Your Money

06.10.2025
0

PEPE has climbed 8% over the past week, with trading volumes soaring past $700 million in a...

Bitcoin’s realized price is the real bull market signal

Bitcoin’s realized price is the real bull market signal

06.10.2025
Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

06.10.2025
Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

Grayscale Launches First US-Listed Spot Crypto ETFs Allowing Staking for ETH and SOL

06.10.2025
Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

Can’t Mine XRP? Explore New Avenues with Mint Miner Cloud Mining

06.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz