Bitcoin Experiences 3.12% Kimchi Premium in South Korean Market

On October 29th, Bitcoin prices experienced a notable surge in the Korean market, with a Kimchi Premium of 3.12%. According to data from Upbit exchange, BTC traded at KRW 170.2 million by 12:00 AM KST on that date. This marked a 0.72% increase compared to the previous day, while Bitcoin’s global counterpart, Binance, saw a price of KRW 165.04 million, resulting in a gap of 5.16 million KRW and Kimchi Premium of 3.12%.