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Korean Crypto Prices Ease, but Reverse Kimchi Premium Persists

Guavy AI Editorial Team Published August 8, 2026

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BTC ETH SOL XRP DOGE

South Korean Bitcoin prices have narrowed their gap with global markets, easing from a -0.38% discount to -0.29% on August 8.

This 'reverse kimchi premium' reflects subdued local demand or capital flow constraints in the country's tightly regulated crypto market.

Ethereum also contracted its reverse kimchi premium to -0.23%, while Solana and XRP saw modest changes, with Solana at -0.42% and XRP at -0.30%

However, some altcoins like Dogecoin showed a significant shift, shrinking its discount from -0.42% to -0.18%

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