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

According to ME News, on May 10th (UTC+8), CryptoQuant data shows that the Bitcoin premium in the South Korean market has recently rebounded to approximately 2%, a new high since the outbreak of the US-Iran conflict. The "kimchi premium" in the South Korean market is mainly driven by local demand. Due to capital controls and KYC requirements based on residency status, the South Korean crypto market has long been relatively independent of the global market. Data shows that in 2025, the price of Bitcoin in South Korea was higher than the global volume-weighted average price (VWAP) for most of the time. In October 2024, after BTC broke through the historical high of $126,000, the South Korean premium once rose to 8.27%. However, after the outbreak of the Middle East conflict in 2026, the volatility in the South Korean market increased significantly, with a discount of approximately 2.27% appearing in early March, followed by continued market fluctuations. (Source: ME)