## Kimchi Premium Records 2.1% on Bitcoin The "Kimchi Premium," the price difference of Bitcoin (BTC) between South Korean exchanges and international markets, has recorded a notable 2.1%. This reflects the increased demand and trading activity within the South Korean cryptocurrency market. Currently, on Upbit, a leading South Korean exchange, BTC is trading at 137,908,000 KRW. In comparison, on Binance, a major international exchange, BTC is priced at approximately 135,095,074 KRW, using an exchange rate of 1,427 KRW per USDT. This translates to a significant price difference of 2,812,926 KRW, highlighting the premium South Korean investors are willing to pay for Bitcoin. This phenomenon is often attributed to capital controls and high demand within the country. Monitoring the Kimchi Premium can provide insights into market sentiment and potential arbitrage opportunities. ```