What is South Korea’s Kimchi Premium

Hello everyone, this might be the last blog of 2024. We at TTC hope that 2025 brings you a lot of profits, adds some extra zeros to your portfolio, and offers a healthy and prosperous year for you and your family.

Today we will learn about something unique called ‘Kimchi’. For your information, Kimchi is a South Korean dish.

Don’t worry, this is not a food recipe blog. Although, according to the current market situation, it makes sense to write a blog on ‘How to cook,’ because we all might need a job in restaurants. And since McDonald’s has closed vacancies for us, we need to learn about other dishes as well.

 

Now let’s come back to our topic. So what is Kimchi Premium?

Kimchi premium is a situation where cryptocurrencies, especially Bitcoin (BTC), are priced higher on South Korean exchanges compared to the rest of the world. This is named after “kimchi”, because the phenomenon is mainly seen in South Korea.

Why Does It Happen?

High Demand in South Korea: South Koreans love cryptocurrencies. There are a lot of people in South Korea who want to buy Bitcoin and other digital coins. But because there isn’t enough Bitcoin

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