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 a surge in international remittances to China.
Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’
According to a study conducted by Jangyoun Lee, an assistant professor at Incheon National University, and Taehee Oh of the Bank of Korea, South Korea’s kimchi premium appears to be significantly correlated with an influx of overseas remittances to China. The researchers note that the first instance of the kimchi premium in South Korea occurred in 2016, when there was high demand for bitcoin among Korean investors but a limited supply of BTC. Essentially, the kimchi premium refers to the price of bitcoin and other cryptocurrency assets being significantly higher in South Korea than on Western exch
We współpracy z: https://news.bitcoin.com/study-reveals-south-koreas-kimchi-premium-strongly-linked-to-international-remittances-to-china/
