A short post on why you should pay attention to the Korean market

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First, the Korean Won is the third largest currency traded against BTC.

And Koreans usually don't even trade BTC that much.

So, when you consider other pairs that is not counted in the and Koreans who trade on foreign exchanges, the size of the market becomes even bigger.

Second, no income tax on crypto gains

This really helps crypto to thrive in Korea. Retail and institutions all have a strong interest in entering the crypto market.

Third, strong consumer protection and fast-moving legislation

I, as a Korean, virtually have no concerns when parking my money in exchanges.

More specifically, on Upbit. Upbit is the go-to exchange (80% market share) for most Koreans.

This is all because Upbit has very strict KYC/AML guidelines, and since its trading volume is so big the government has to pay attention.

Listing events on Upbit also create huge volume which sometimes cause huge pumps. So follow listing signals for Upbit.

Fourth, many projects are eager to enter the Korean scene

This may be less relevant to price action, but it is an important factor as narratives may shift due to some projects' incentives to enter the Korean market. Local events can affect the broader market.