The Kimchi Premium is the spread between the price of BTC on Korean exchanges and BTC on Western exchanges.
Also, Ether (ETH) is trading higher on Bithumb, compared to CoinMarketCap. The second-largest cryptocurrency by market cap is currently around $2,446 on Bithumb and at $2,103 on CoinMarketCap. ETH stands at a market value of $242.6 billion.
Simultaneously, investors in Korea can not acquire cryptocurrencies at lower prices on other exchanges as global exchanges do not accept Korean won.