is bitcoin banned in south korea 
no owning and trading bitcoin on regulated exchanges is legal in south korea the bottom linethe kimchi premium is an arbitrage opportunity where a trader could profit from buying a cryptocurrency on an exchange outside of the country for a lower price and selling in the country for a higher price this price difference has been present for some time but it is difficult to take advantage of it because of the controls the south korean government has in place the comments opinions and analyses expressed on investopedia are for informational purposes only read our warranty and liability disclaimer for more info as of the date this article was written the author does not own cryptocurrency 