The “Kimchi premium” in South Korea has switched back to a discount, which means that it is again possible to acquire cryptocurrencies such as Bitcoin at a lower price on exchanges located...
Tag: Kimchi
Bitcoin ‘Kimchi Premium’ in South Korea Goes to Discount
South Korea’s “Kimchi Premium” – a metric showing crypto’s price difference in global exchanges and such located in the Asian nation – went into a discount territory for the first time since January 1...
Korean Kimchi Premium Flips, Favourable Condition for Investors: Analyst
Reports suggested that the Korean Kimchi Premium flipped to a discount. Analyst Doo Wan Nam tweets that the time is perfect for investors to earn profit by buying coins at cheaper prices. There are no...
South Korea’s Kimchi premium turns to discount
South Korea’s “Kimchi premium” has flipped to a discount again, meaning cryptocurrencies such as Bitcoin are now cheaper to buy on South Korean exchanges. The phenomenon is named after the Korea...
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China – Bitcoin News
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...
Chef LaMara Davidson Is Relaunching Her Career At 50, And She’s Never Been Happier
Chef LaMara Davidson. Credit: Erik Meadows For LaMara Davidson, becoming a professional chef was a happy accident. As the daughter of an African American serviceman and a Korean émigré mother, LaMara ...
Korean Regulators Probe Banks Over $6.5 Billion Linked to Kimchi Premium – crypto.news
South Korean banks are under investigation for their role in facilitating $6.5 billion in suspicious overseas remittances that have been linked to firms arbitraging cryptocurrencies. Korean Banks Prob...
Banks Tied To Kimchi Premium Over $6.5B Investigated By Korean Regulators
South Korean financial regulators are looking into the massive amount of foreign remittances Regulators have been concerned about Kimchi premium trading Large remittances have raised red flags South K...
Fresh Trouble for South Korean Banks Over Bitcoin Kimchi Premium Trades Worth $6.5B
South Korea’s integrated financial regulator – Financial Supervisory Service (FSS) – is reportedly investigating domestic and commercial banks after detecting a significant amount of illegal overseas ...
FSS orders investigation into banks over kimchi premium ties 1
The Financial Supervisory Service (FSS) has ordered regulators to look into the activities of South Korean banks regarding their involvement in the Kimchi premium. According to a local news station re...
Korean regulators investigate banks over $6.5B tied to Kimchi premium
South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency. According to an ...
South Korean Banks On Radar As Regulator Investigates Kimchi Premium Bitcoin ‘Irregularities’
South Koreans might be on the front line. The government, media, and regulators increased the scrutiny of the banks’ role in enabling kimchi premium dealers to profit quickly when trading volume...
South Korean Prosecutors Firing Up Against Illicit Bitcoin ‘Kimchi Premium’ Transactions
South Korean Prosecutors are suspicious of illegal foreign exchange trading Watchdogs are in strong doubt about money laundering and illegal forex trading FSS is going head-on against the two lenders...
South Korean Regulators on the hunt for determined Kimchi Premium Traders
A South Korean financial regulator is prepared to go on the hunt for kimchi premium dealers and has vowed to prosecute anyone found guilty. several shrewd traders have attempted to gain from the kimc...
Bitcoin Kimchi Premium Served Cold After Heat Up, Drops 3%
Kimchi premium describes the escalated price gap among tokens on South Korean exchanges and contrasts the international average. Crypto assets in peninsula are often elevated than that of internationa...
South Korea’s ‘Kimchi Premium’ Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty
In an interview with CoinDesk TV’s “First Mover” program, Scott Freeman, co-founder and partner of financial services firm JST Capital, suggested the global unrest was hurting bitcoi...