According to CryptoQuant data cited by ChainCatcher, Bitcoin’s premium in South Korea has rebounded to approximately 2%, marking the highest level since the U.S.-Iran conflict erupted in early 2026. The Korean market’s “kimchi premium” is primarily driven by local demand due to capital controls and KYC requirements based on residency status. Historical data shows Bitcoin in South Korea traded above the global volume-weighted average price for most of 2025, with the premium reaching 8.27% after BTC broke through $126,000 in October 2024. Following the Middle East conflict in 2026, volatility in the Korean market intensified, with prices briefly trading at a 2.27% discount in early March before the market resumed fluctuations.
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