2021
55%
Bank of Korea
banned cryptocurrencies
Bitcoin
BTC
China
Chinese arbitrageurs
common regulation
cryptocurrency
cryptocurrency arbitrage traders
Cryptocurrency Assets
Fiat
first quarter of 2021
foreign arbitrageurs
global cryptocurrency market
high demand
Incheon National University
influx
International remittances
International Standards
Jangyoun Lee
kimchi premium
Korean financial institutions
News
overseas remittances
overseas remittances to China
Premiums
reemerged
significantly correlated
South Korea
study
subsided
Taehee Oh
Western exchanges
Western trading platforms
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with…