cryptocurrency exchanges</strong></a>, causing the value of specific <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens to be greater than on <strong>other international exchanges</strong>. <em>How does it work? </em>A trader from South Korea needs to buy a token, let&rsquo;s say <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin, from an exchange that is outside of South Korea, and then sell it on one of the South Korean exchanges, let&rsquo;s say Bithumb. This way, the trader <strong>buys a token for a smaller price</strong> elsewhere but sells it for a higher price in South Korea.</p>\n<p>The Kimchi Premium was identified as a phenomenon at the beginning of 2016. The token value differences due to the Kimchi Premium were highest between 2016 and 2018. In January of 2018, the difference between <strong>Bitcoin</strong> values in South Korean exchanges and other international exchanges was about 55%. However, normally, it is about 4.5%.</p>\n<p>The difference between token values all over the world <strong>happens for a reason</strong>. <em>What is the reason? </em>Well, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency trading is a decentralized process. Therefore, when <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain technology</strong></a> evolves and new crypto tokens emerge, it is hard for exchanges all over the world<strong> to keep up </strong>with the constant waves of changes and adapt to them at the same time. Thus, it results in phenomena like Kimchi Premium.</p>\n<p>However, taking advantage of these differences in token values is <strong>not a new practice</strong> in the cryptocurrency world. The Kimchi Premium phenomenon only happens in South Korea but smaller token value differences occur all over the world. Therefore, when traders notice it, they start trading between different exchanges to gain more profit.</p>\n<p>Though taking advantage of the Kimchi Premium is technically a form of arbitrage. Therefore, the South Korean government has imposed <strong>strict capital control restrictions</strong> to prevent traders from making a profit from this phenomenon. Besides, other financial regulations and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-anti-money-laundering-aml/">Anti Money Laundering legislation</strong></a> prevent the traders from manipulating the market through the Kimchi Premium even more.</p>","level":"medium","meta_title":"What is Kimchi Premium? 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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":440,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Klinger Oscillator?","slug":"what-is-klinger-oscillator","section":"K","keyword":"Klinger Oscillator","status":"published","definition":"volume-based technical indicator that is used to compare volume to price to forecast price reversals.","content":"<p>The <strong>Klinger oscillator</strong> is a volume-based <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-technical-indicators/">technical indicator</strong></a> used to determine long-term trends of money flow in the market and identify any short-term variations. It was created by Stephen Klinger in 1977.</p>\n<p>The Klinger oscillator can be used to forecast price reversals by taking volume and price data for detailed comparison. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volume/">Volume refers to the number of units of an asset that are traded per unit of time.</p>\n<p>The indicator consists of two lines representing the key-value observing (KVO) and the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-ema-exponential-moving-average/">exponential moving average (EMA)</strong></strong></a>. The EMA is used to determine the 13-period moving average and is the key indicator of whether to buy and sell. The indicator shows how the volume movement through an asset affects the price levels both long and short-term.</p>\n<p>The key principle of the Klinger oscillator is to observe the crossover points between the two lines.</p>\n<p>The Klinger oscillator helps identify the signals for buying and selling via the 13-period moving average line. In this regard, it acts similar to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-moving-average-convergence-divergence-macd/">MACD indicator. If the Klinger oscillator goes above the signal line, traders may switch to a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull/">bullish position. If the oscillator goes below the signal line, it points towards more <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bear/">bearish attitudes.</p>\n<p>The lines on the Klinger oscillator do not have any specified values attached to them. Traders can pick an indicator time frame and adjust it for the desired trading period.</p>\n<p>The Klinger volume indicator formula is quite complex compared to other technical indicators. However, it&rsquo;s not expected of traders to fully understand the formula itself, only its use.</p>\n<p>The oscillator is calculated when you deduct the 34-period exponential moving average of the volume force from the 55-period exponential moving average of the volume force during the first stage.</p>\n<p><img style=\"display: block; margin-left: auto; margin-right: auto;\" title=\"Klinger Oscillator: the Klinger oscillator formula.\" src=https://www.bitdegree.org/"https://assets.bitdegree.org/crypto/storage/media/klinger-oscillator-formula.o.jpg/" alt=\"Klinger Oscillator: the Klinger oscillator formula.\" width=\"880\" height=\"300\" /></p>\n<p>KO = Klinger Oscillator<br />VF = Volume Force<br /><strong>Volume Force</strong> = V &times; [2 &times; ((dm / cm) &minus; 1)] &times; T &times; 100<br />V = Volume<br />T = Trend<br />Trend = +1 if (H + L + C) &gt; (H - 1 + L - 1 + Cv - 1)<br />Trend = &minus; 1 if Above is &lt; or =<br /><strong>H</strong> = High<br />L = Low<br />C = Close<br />dm = H &minus; L<br />cm = cm - 1 + dm if Trend = Trend -1<br />cm = dm - 1 + dm if Trend &ne; Trend -1</p>\n<p>Traders that use the Klinger oscillator are able to initiate a new counter position in the market as soon as the initial one has closed. Thus, these traders are always in the market as the opening and closing signals appear the same.</p>\n<p>The Klinger oscillator is a short-term trading strategy used primarily on charts with a lower time frame. Traders who remain in the market for an extended period of time gather large volumes which can result in many gains and losses. The end goal of the Klinger oscillator is the have as good a win-to-loss ratio as possible when all the positions are closed.</p>","level":"medium","meta_title":"What is Klinger Oscillator? Definition & Meaning | Crypto Wiki","meta_description":"Klinger Oscillator meaning: Klinger Oscillator - volume-based technical indicator that is used to compare volume to price to forecast price reversals.","meta_keywords":null,"language":"en","created_at":"2022-03-18T14:48:01.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-klinger-oscillator"},"prevSection":{"id":999,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Jager?","slug":"what-is-jager","section":"J","keyword":"Jager","status":"published","definition":"the smallest unit of BNB.","content":"<p>BNB or <strong>the</strong> <strong>Binance Coin</strong> is a cryptocurrency that was created by the Binance exchange and trades with a BNB ticker symbol. Jager is the smallest unit of BNB. It&rsquo;s the same with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wei/">Wei, which is the smallest unit of <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum (ETH). The term came from the Binance Community Manager named Jager. This is because, since the reveal of Binance, he has been a Binance Angel and later became a Community Manager.</p>\n<p>To specify:</p>\n<p><strong>1 Jager = 0.00000001 BNB</strong></p>\n<p>Furthermore, as stated in each coin set of regulations, the majority of cryptocurrencies may be separated into decimals. There are 8 of them in BNB. From a technical standpoint, they are the number of digits after the decimal point.</p>\n<p>They determine how divisible a token or a coin is. The scale goes from 0 to 8 (or higher). In other words, from <strong>indivisible to divisible</strong>.</p>","level":"easy","meta_title":"What is Jager? Definition & Meaning | Crypto Wiki","meta_description":"Jager meaning: Jager - the smallest unit of BNB.","meta_keywords":null,"language":"en","created_at":"2022-05-19T06:22:15.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-jager"},"currentChapter":"K","currentSection":"what-is-kimchi-premium","chapterTitle":"K","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-kimchi-premium","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter K

What is Kimchi Premium?

Kimchi Premium MEANING:
Kimchi Premium - a phenomenon happening in South Korean crypto exchanges that makes the value of certain tokens higher than it is on other international exchanges.
Medium
2 minutes

Let's find out Kimchi Premium meaning, definition in crypto, what is Kimchi Premium, and all other detailed facts.

Kimchi Premium is a phenomenon that occurs in South Korean cryptocurrency exchanges, causing the value of specific tokens to be greater than on other international exchanges. How does it work? A trader from South Korea needs to buy a token, let’s say Bitcoin, from an exchange that is outside of South Korea, and then sell it on one of the South Korean exchanges, let’s say Bithumb. This way, the trader buys a token for a smaller price elsewhere but sells it for a higher price in South Korea.

The Kimchi Premium was identified as a phenomenon at the beginning of 2016. The token value differences due to the Kimchi Premium were highest between 2016 and 2018. In January of 2018, the difference between Bitcoin values in South Korean exchanges and other international exchanges was about 55%. However, normally, it is about 4.5%.

The difference between token values all over the world happens for a reason. What is the reason? Well, cryptocurrency trading is a decentralized process. Therefore, when blockchain technology evolves and new crypto tokens emerge, it is hard for exchanges all over the world to keep up with the constant waves of changes and adapt to them at the same time. Thus, it results in phenomena like Kimchi Premium.

However, taking advantage of these differences in token values is not a new practice in the cryptocurrency world. The Kimchi Premium phenomenon only happens in South Korea but smaller token value differences occur all over the world. Therefore, when traders notice it, they start trading between different exchanges to gain more profit.

Though taking advantage of the Kimchi Premium is technically a form of arbitrage. Therefore, the South Korean government has imposed strict capital control restrictions to prevent traders from making a profit from this phenomenon. Besides, other financial regulations and Anti Money Laundering legislation prevent the traders from manipulating the market through the Kimchi Premium even more.
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