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.