South Korea's Bitcoin premium returns to 2%, hitting a new high since the US-Iran conflict.

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Mars Finance reported that CryptoQuant data shows the Bitcoin premium in the Korean market has recently risen again to around 2%, reaching a new high since the outbreak of the Iran–U.S. conflict. The “Kimchi premium” in the Korean market is mainly driven by local demand. Due to capital controls and KYC requirements based on residency status, South Korea’s crypto market has long remained relatively independent from the global market. The data shows that in 2025, the Korean Bitcoin price was above the global volume-weighted average price (VWAP) for most of the time; after BTC broke through the all-time high of $126,000 in October 2024, the Korea premium once climbed as high as 8.27%. After the Middle East conflict erupted in mid-2026, volatility in the Korean market increased markedly: in early March, it briefly turned into a discount of about 2.27%, followed by continued market choppiness.

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