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

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ME News Report, May 10 (UTC+8), CryptoQuant data shows that the Bitcoin premium in the South Korean market has recently risen again to about 2%, reaching a new high since the outbreak of the US-Iran 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 remained relatively independent from the global market for a long time. Data indicates that in 2025, Bitcoin prices in South Korea were higher than the global volume-weighted average price (VWAP) most of the time, with the premium reaching as high as 8.27% after Bitcoin broke the $126k historical high in October 2024. After the Middle East conflict erupted in mid-2026, market volatility in South Korea significantly increased, with a brief discount of about 2.27% in early March, followed by continued market fluctuations. (Source: ChainCatcher)

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