3 ms·
South Korea does not have a high inflation rate. They are averaging like 1.5% [0]. [0]: https://www.reuters.com/article/us-southkorea-economy-inflation/south-
by mrep 7y ago
South Korea does not have a high inflation rate. They are averaging like 1.5% [0].
[0]: https://www.reuters.com/article/us-southkorea-economy-inflation/south-korea-inflation-slows-to-near-three-year-low-bolsters-rate-cut-expectations-idUSKCN1RD3G3 https://www.reuters.com/article/us-southkorea-economy-inflat...
- olalonde 7y agoThey do however have pretty strict capital controls making it difficult to transfer money out of the country (which is why Bitcoin has historically traded at a premium in South Korea).
- intertextuality 7y agoNote that lawmakers were increasingly been targeting bitcoin in S.Korea. Foreigners (any foreigners, even ones with Korean visas and/or who are Korean but were born abroad) and minors can't sign up to exchanges anymore, for example.