“Kimchi Premium” Goes Bad as Bitcoin Continues to Nosedive

SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s “kimchi premium” — a reference to the 15 to 25 percent premium on Bitcoin prices locally compared with foreign markets — is now reversed, with the price of one unit of the most widely known cryptocurrency dropping below valuations abroad. According to Bithumb, South Korea’s largest cryptocurrency [...]