$BTC **South Korea’s Crypto Market: Regulatory Impact on Prices**

South Korea’s strict crypto policies continue to influence local and global markets. Major coins like **Bitcoin (BTC)** and **Ethereum (ETH)** often trade at a premium on Korean exchanges due to high demand—a phenomenon known as the **"Kimchi Premium."**

As of June 2024:

- **BTC**: ~$71,000 (global average) but up to **$72,500** in South Korea

- **ETH**: ~$3,800 globally, but **$3,900+** on Korean exchanges

- Local favorites like **Klaytn (KLAY)** and **Terra Classic (LUNC)** also see volatile trading due to regulatory shifts.

The government’s **real-name trading rules** and **20% crypto tax** (on gains over ₩2.5M) have reduced speculative trading but boosted institutional interest. Meanwhile, **Upbit** and **Bithumb** remain top exchanges, closely monitored by regulators.

With potential **spot Bitcoin ETF approvals** and stricter **AML laws**, South Korea’s market could see further price fluctuations. Investors should watch policy updates for trading opportunities. #Crypto #Bitcoin #Ethereum #SouthKorea #KLAY #LUNC #Upbit #Bithumb