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Bitcoin Is Worth More In South Korea? Here's Why! (Crypto Arbitrage)There are 7 trusted exchanges operating in South Korea with the most popular being UPbit, Korbit, and OKX. You can review each of these exchanges and find. No, owning and trading bitcoin on regulated exchanges is legal in South Korea. The Bottom Line. The kimchi premium is an arbitrage opportunity. is one of the popular crypto exchanges in South Korea with launched in the year by Kangmo Kim, Louis Jinhwa Kim, and Tony Lyu where Korbit has been a subsidiary of Nexon as of Korbit has reached series B funding and it has raised nearly $ Million to the date of writing the article.