TechFlow January 4 — Doo Wan Nam, MakerDAO's representative in Korea, tweeted that the "kimchi premium" has returned to South Korean cryptocurrency exchanges, currently ranging between 3.5% and 5%. The kimchi premium refers to the additional price paid for cryptocurrencies such as Bitcoin in the South Korean market. At the end of 2017, when Bitcoin and Ethereum traded globally above $19,500 and $1,500 respectively, prices in South Korea exceeded $25,000 for Bitcoin and $2,000 for Ethereum, with trading premiums reaching as high as 30%.
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