Kimchi Premium
Kimchi Premium refers to the phenomenon where the price of cryptocurrencies in South Korea is significantly higher than the global market average. This means that investors in South Korea are willing to pay more for cryptocurrencies than investors in other countries. The main reason for this is the strict regulations on cryptocurrency trading in South Korea, which limit the supply of cryptocurrencies. As a result, there is a higher demand for cryptocurrencies in South Korea, driving up the prices and creating the Kimchi Premium. Another reason is the cultural affinity towards cryptocurrencies in South Korea, as the younger generations are more likely to invest in digital assets.