According to a recent report by Chainalysis, the cryptocurrency market in South Korea is experiencing growth, driven primarily by the rise of the Korea Premium Index. The report highlights that local demand, institutional trading, and unique market conditions in the country are causing crypto prices on local exchanges to surpass the global average. The Korea Premium Index measures the price difference between cryptocurrencies like BTC, ETH, and altcoins on Korean exchanges and the global market. Chainalysis's report indicates that the index has surged significantly, evident from "the extent to which South Korean traders are paying above market prices for digital assets." This premium has reached its highest level historically during periods of market uncertainty and volatility, prompting both retail and institutional investors to seize opportunities for potential gains. The report further emphasizes that "South Koreans frequently use local exchanges" for fund management, and the amount transferred from local to global exchanges is "highly correlated" with the premium.