The Korea Electronic Money Exchange is very fast and easy to purchase.
There are exchange sites such as bithumb, korbit, and coinone in Korea.
If so, how high is the 'premium' for electronic money in Korea?
Figures 1 and 2 below show the electronic money prices offered by coinmarketcap.com and the electronic money prices of the Korea Electronic Money Exchange, Bithumb.com, on the morning of May 24
Fig1. coinmarketcap.com market price of KRW (South Korean won)
Fig2. bithumb.com market price of KRW (South Korean won)
In the case of bitcoin, coinmarketcap offers US 2,587,798 won, and 3,133,000 won in bithumb on Korean site.
There is a profit of 545,202 won, which is a huge difference of about US $ 500.
If you can do currency trading in Korea, you can make a big difference even after paying all commissions and taxes including exchange fees.
This is Korea's premium for electronic money.
Of course, in order to cash in electronic money at the Korea Exchange, you need to open a bank account that can be used in Korea.