Despite banning ICOs in September of last year the demand for cryptocurrencies in South Korea has been high. At times in December the ‘Kimchi premium’ hit 50%. In other words, the Korean markets were paying a premium of 50% for cryptocurrencies in comparison to the USD markets.
South Korea Preparing To Reverse Ban On ICOs | CryptoGlobe
According to the Korea Times the ban on ICOs may soon be revoked by the very same financial authorities that banned ICOs last year. If the source is accurate the move would mark a massive u-turn for financial regulators in South Korea who banned ICOs outright in September last year.
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