Gate News bot message, the Financial Times reported that the Central Bank of South Korea announced the termination of a 14-year ban on domestic Financial Institutions purchasing "kimchi bonds" (offshore issued foreign currency bonds aimed at being exchanged for Korean won). The Central Bank of South Korea implemented the ban in 2011 due to concerns about currency mismatch risks. Currently, as retail investors are significantly increasing in number, ...

According to Gate News bot, as reported by Cryptonews, the Central Bank of South Korea has announced the lifting of restrictions on financial institutions related to forex business investing in kimchi bonds. Institutions engaged in forex business, such as banks, securities companies, and insurance companies, are now permitted to freely invest in kimchi bonds. The Bank of Korea also emphasized that in order to prevent abuse, private placements

BlockBeats news, on February 3rd, CryptoQuant CEO Ki Young Ju posted on platform X, stating that the 'BTC Kimchi Premium' reached 12%, hitting a three-year high. The main reason for the BTC's decline seems to be

According to Jinse Finance, affected by concerns over Trump's tariff war, South Korea's BTC 'Kimchi Premium' soared to 9.7% at 2 a.m. on February 3, reaching a 10-month high since April 2024. Analyst Min Jung from Presto Research stated that the Kimchi Premium usually rises during bull markets, but it may also surge during panic selling periods due to lower selling pressure on Korean exchanges compared to global markets. As of the time of writing, the Kimchi Premium has dropped to 8.24%, while the historical average is around

Korean kimchi exports in the first half of the year rose by 4.8% year-on-year, reaching 23,900 tons; exports to the United States increased by 18.9% year-on-year, reaching a historical high for the same period.

According to the latest client report from Sean Farrell, the strategy director at Fundstra, although fren and his family asked about Crypto Assets again, market indicators show that the current situation does not show a Rebound in March or a bubble at the end of 2021. In fact, the Kimchi Premium indicator data in the Korean market is about 0%, indicating that Korean traders lack excessive excitement. In addition, the pump in the past week should not be regarded as purely speculative prosperity, and BTC may still have pump space.

Jinshi data news on November 1st, the survey released by the Korean Price Survey Center recently showed that the cost of making kimchi this year is about 20% higher than last year due to the pump in the prices of Chinese cabbage, radishes, and other ingredients. According to the Korean Price Survey Center, the reason for the rise in the cost of making kimchi this year is that the prices of two main ingredients, Chinese cabbage and radishes, have both surged by more than 60%. The average price of Chinese cabbage rose by 61.1% compared to the same period last year, and the average price of radishes rose by 65.9% compared to the same period last year. However, the average prices of ingredients such as spring onions, ginger, and red pepper powder have decreased to varying degrees.

Kimchi Premium in South Korea's BTCKimchi Premium has reappeared at a discount of about 1%. Historical experience shows that the previous occurrence of negative Kimchi Premium indicates a wider Rebound in the Cryptocurrency market. However, the current market uncertainty remains high, especially during the upcoming US election period.