The Kimchi Premium: South Korea’s Cryptocurrency Scene
Update: 2022-11-18
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The cryptocurrency industry in South Korea is a uniquely widespread phenomenon with incredibly high demand. The country’s strict capital controls and structural impediments create an arbitrage-type situation known as the ‘Kimchi Premium’. CFCS’s Allison Owen speaks with Dr John Park, director of the Korea Project at the Harvard Kennedy School's Belfer Center, about his forthcoming paper, which examines the risks related to South Korea’s distinct cryptocurrency ecosystem.
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