Kimchi Premium Archives | Be Korea-savvy

South Korea’s Gold ‘Kimchi Premium’ Shrinks Amid Volatile Market

SEOUL, March 5 (Korea Bizwire) — The premium on South Korean gold prices, which had been trading more than 20% above international rates, has rapidly declined, leading to heightened market volatility. At one point, domestic gold prices dropped at 15 times the rate of global gold prices, triggering increased investor caution. According to the Korea [...]

‘Kimchi Premium’ Goes Negative as Bitcoin Hits Record High, Suggesting Tepid South Korean Interest

SEOUL, Nov. 13 (Korea Bizwire) – As Bitcoin reaches unprecedented heights globally, an unusual phenomenon has emerged in South Korea: domestic trading prices have fallen below international rates, marking a rare reversal of the nation’s traditionally higher cryptocurrency valuations. According to data from CryptoQuant, a cryptocurrency analytics firm, the Bitcoin Kimchi Premium Index registered at -0.88% [...]