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South Korea’s ‘bitcoin Kimchi’ Premium Index Rises By 9.7%
South Korea’s bitcoin premium index, aka “kimchi premium,” reached a 10-month high on South Korean exchanges and remained stable amid a major global market dip.
On Monday morning in Asia, the Korea Premium Index rose to 9.7%, marking its highest since April 14, 2024. According to CryptoQuant data, the premium is down to 8.2% at press time.
The “kimchi premium” refers to a price gap between the South Korean exchanges and foreign markets. It may indicate a stronger buying pressure among Korean r