Wu said he learned that the BTC and ETH trading pairs on Upbit have once again seen a significant "kimchi premium" (the gap between the price of Bitcoin in the Korean market and other global exchanges). The current price of BTC/KRW on Upbit is approximately 96.35 million Korean won, approximately US$72,000, a premium of 6%; ETH/KRW is approximately 5.28 million Korean won, approximately US$3,956, a premium of 7%.​