The kimchi premium, the price difference between Bitcoin (BTC) on South Korean exchanges and global exchanges, has reached 2%. On Korean exchange Upbit, the price of BTC is currently trading at 155,740,000 KRW, while on global exchange Binance, it is trading at 152,684,274 KRW. This represents a difference of 3,055,726 KRW, or approximately $2,500. The widening kimchi premium suggests that there is a strong demand for BTC in South Korea, despite the recent market correction. This could be due to a number of factors, including the upcoming presidential election in South Korea and the country's growing cryptocurrency market. It is important to note that the kimchi premium can fluctuate rapidly, so it is important to do your own research before making any investment decisions.

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