The "Kimchi Premium," a price difference for Bitcoin (BTC) on South Korean exchanges compared to international markets, has surged to 6.0%. This premium indicates strong buying pressure within South Korea. Currently, Bitcoin is trading on Upbit, a major Korean exchange, at ₩162,298,000. On Binance, a global exchange, the price is ₩153,067,918 (converted using a USDT rate of ₩1,516). This results in a significant difference of ₩9,230,082, showcasing the Kimchi Premium effect. The Kimchi Premium often arises from capital controls and high demand for crypto assets in South Korea. Investors are willing to pay a premium to access Bitcoin, leading to this price discrepancy. Monitoring the Kimchi Premium can provide insights into market sentiment and potential arbitrage opportunities. ```