Bitcoin has reappeared with a price premium in South Korea, known as the 'Kimchi Premium.' On Tuesday, Upbit's BTC/KRW quote was about 1% higher than Binance's price, and this condition has persisted for about a week, marking the longest streak since early May. In previous months, the Korean market mostly experienced a discount, with a 3.1% discount in early June and an average 0.25% discount in August. The reappearance of the premium suggests that South Korean investors' risk appetite has recovered to some extent.
According to BlockBeats, on September 1, Bitcoin has once again exhibited a price premium in the South Korean market, known as the "Kimchi Premium." On Tuesday, the Bitcoin/KRW quote on Upbit was about 1% higher than the corresponding price on Binance. This condition has persisted for about a week, marking the longest duration since early May.
In previous months, Bitcoin prices in the South Korean market were mostly lower than those overseas. In early June, the discount reached 3.1%, and the average discount in August was about 0.25%. The reappearance of the premium suggests that the risk appetite of South Korean investors has recovered to some extent.
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