Kimchi Premium has reemerged in the South Korea Cryptocurrency Market

Yes, that’s right – the premium rates in the South Korean cryptocurrency market has reemerged.

Bitcoin is being traded at $10,800 with a $700 premium. Local news media outlets suggest that the demand is going up due to fiat money people have received over the Chinese Lunar New Year (February 15th to February 19th)

Personally, I’m hoping for a other mainstream fiasco stating that the government will be ‘banning bitcoin’ again for a another crash so I can come buy in some more.

When bitcoin reaches its true value potential its inevitable that it won’t trade at the same rate anywhere around the world and it shouldn’t be anyways.

On a side note, for the first time ever Bitcoin is trading less than the actual price for the first time in India.