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Kimchi Premium. It's the nickname for the persistent price markup on cryptocurrencies (especially Bitcoin) traded on South Korean exchanges like Upbit or Bithumb, compared to global spots like Binance. Named after Korea's love for kimchi, it spikes during hype cycles due to local demand, strict capital controls, and limited fiat outflows—often 2–5% higher, but it can hit 10%+ in bull runs.