Question 1

What is the current Ethereum (ETH) kimchi premium?

Accepted Answer

The Ethereum kimchi premium shows the price difference between ETH on Korean exchanges (Upbit) vs global exchanges (Binance). This page tracks the real-time ETH premium with auto-refresh every 15 seconds.

Question 2

How is ETH Korea premium calculated?

Accepted Answer

ETH Korea premium (%) = ((Upbit ETH/KRW price) / (Binance ETH/USDT price × USD/KRW exchange rate) - 1) × 100. A positive value means ETH is more expensive on Korean exchanges.

Question 3

Why does Ethereum have a different price on Korean exchanges?

Accepted Answer

Ethereum prices on Korean exchanges like Upbit often differ from global prices due to strong domestic demand, capital movement restrictions, limited arbitrage opportunities, and the isolated nature of the Korean won (KRW) crypto market.

Question 4

Can I arbitrage ETH between Upbit and Binance?

Accepted Answer

While the ETH price difference exists, profitable arbitrage is difficult due to Korean capital controls, transfer times and fees, exchange withdrawal limits, and regulatory restrictions. The premium is better used as a market sentiment indicator.

Ethereum (ETH) Korea Premium

Related