Series 2-2. Koreanisch mit Koreantiger Financial Literacy - Kimchi Premium

Intro





I have to mention that the South Korean Crypto is now all the
hype. The Stablecoin Terra Luna generated tons of issues in the
market. Terra Luna is a cryptocurrency from South Korea which was
considered a Stablecoin but the price fell 90% at the beginning
of May. I myself invested in a partial unit of Bitcoin through
the Etoro platform, which is tradable for around 27 Euros. That’s
not much and is only to get a feeling of the price
volatility. 


However, I believe that there is high potential for the use of
Bitcoin in the payment process. Although its technology is not
proven, the potential as a currency is enormously high. I had an
interview with Mr. Kang about the general money issue regarding
cryptocurrency and kimchi premium. Kimchipremium is an arbitrage
chance which I will explain below. As Mr. Kang is a strategic
investor and has deep expertise in investing in bitcoin, we will
focus on the investment point of view. But as my interest lies in
the payment system using blockchain technology, I asked him a
couple of questions regarding this matter.