On October 15th, Bitcoin in South Korea experienced a “Kimchi Premium” of 1.01%.
As of 12:00 KST on October 15th, the trading price of Bitcoin (BTC) on the Upbit exchange in South Korea was 110.99 million Korean won, representing a decrease of 1.42% compared to the previous day. On the global exchange Binance, the price of BTC was 109.88 million Korean won, resulting in a difference of 1.11 million Korean won between the two prices. This means that there is a “Kimchi Premium” of 1.01%.
Ethereum (ETH), as one of the leading altcoins, also saw a 1.06% “Kimchi Premium”. Other major altcoins also exhibited premium trading conditions: Solana (SOL) had a premium of 1.11%, XRP had a premium of 0.99%, Dogecoin (DOGE) had a premium of 1.41%, and Sui (SUI) had a premium of 0.99%. Currently, most major altcoins enjoy a “Kimchi Premium” ranging from 0.9% to 1.4%.

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