According to a report by Bizwatch, which cited data from domestic virtual asset evaluation platform Apea, only 2 out of 10 domestic virtual coins (kimchi coins) were rated 'excellent' or 'good'. The report evaluated 107 kimchi coins listed on domestic virtual asset exchanges. Out of these, only 24 were rated 'excellent' or 'good', 60 required improvement in some areas, and 23 were deemed too risky or untrustworthy for evaluation. The report found that the only kimchi coin that received an 'excellent' rating was KAIA. The report did not provide specific details on the criteria used to evaluate the kimchi coins. The findings of the report suggest that the majority of kimchi coins are still in need of improvement in terms of their underlying technology, security, and overall quality. Investors should exercise caution when investing in kimchi coins and conduct thorough research before making any investment decisions.