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☆ In the wake of bitcoin's new highs, South Korea's 'kimchi premium' is in the spotlight again
▼ + stars: | 2024-04-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

Now, get ready for the "kimchi premium," named after the popular side dish of fermented vegetables that's a staple in Korean cuisine. The "kimchi premium" refers to the price gap in cryptocurrencies, especially bitcoin, when listed in South Korea versus those listed in U.S. or European exchanges. The kimchi premium is in the spotlight again after bitcoin reached all-time highs in mid-March, soaring past $73,000 to a record high on March 13, according to Coin Metrics data. According to cryptocurrency data provider Cryptoquant, the Korea Premium Index reached its highest level since May 2021 on March 16, reaching 10.88%. That means bitcoin's trading price in South Korea was roughly 10% higher than the global spot price.

Persons: it's, bitcoin, Sam Bankman, Fried, FTX, Chainalysis, Baik Seunghoon, Baik Organizations: Alameda Research, CNBC, University of Calgary, country's Financial, Commission, South, South Korean Locations: Korea, South, cryptocurrencies, South Korea, Japan, China, East Asia, Korean

☆ Getting by on $30,000 a year or less in Seattle, Long Beach, and NYC: How 3 city-dwellers 'just make it work'
▼ + stars: | 2023-06-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

Carvajal is one of three recent Make It interviewees who earns less than $30,000 while living in a coastal city. Tiara Simmons, a 39-year-old law clerk living in Long Beach, California, pulls in $26,000 a year between her salary and a social media marketing side hustle. Hoping to reinvest in his business, Carvajal pays himself a salary of just $25,000 and lives as minimally as possible. As for his business, Carvajal hopes to put Dominican-based coffee growers back on the map while steadily expanding his business. Tiara Simmons at The Pike, a shopping and amusement complex in Long Beach, Calif., she enjoys visiting with her family.

Persons: Hector Carvajal, Don Carvajal, Carvajal, Chi Baik, Tiara Simmons, Simmons, Don Carvajal Café, Mickey Todiwala, Don Carvajal's, Baik, John Paget, Covid, she'd, he's, Baik isn't, I'm, Long Beach , California Simmons, Tristan Pelletier Organizations: University of Washington, CNBC, University of Rochester, Foods, U.S, Washington , D.C Locations: New York City, Dominican Republic, Chi, Seattle, Long Beach , California, Bronx, New York, Dominican, Long Island City, Washington, Washington ,, chihuahua, The Pike, Long Beach, Calif

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiving on under $30K a year in 3 U.S. citiesMake It journeys to Washington, California, and New York to connect with three individuals earning less than $30,000. Chi Baik, 26, lives in Seattle, Washington and earns $27,000 a year as a Ph.D. student. Tiara Simmons, 39, is a lawyer in Long Beach, California and earns roughly $26,000 a year between her job as a law clerk and her social media marketing side hustle. Hector Carvajal, 26, owns Don Carvajal Cafe, a Dominican-inspired company based in the Bronx, New York. 25:55 3 hours ago

Persons: Chi Baik, Tiara Simmons, Hector Carvajal, Don Carvajal Locations: U.S, Washington , California, New York, Seattle , Washington, Long Beach , California, Dominican, Bronx , New York

SummarySummary CompaniesCompanies Law Firms Realtek said MediaTek used patent lawsuits to stifle businessAccused chipmaking rival of antitrust violationsJune 6 (Reuters) - Realtek Semiconductor Corp (2379.TW) sued rival Taiwanese chipmaker MediaTek Inc (2454.TW) in Northern California federal court on Tuesday, claiming MediaTek paid a company that sues over patents a "secret litigation bounty" to file meritless lawsuits in the United States to disrupt its business. Realtek said MediaTek signed a patent licensing agreement with IPValue subsidiary Future Link Systems LLC in 2019 that included the secret "bounty" agreement. Realtek said Future Link has kept details of the agreement "buried under confidentiality obligations and protective orders." Future Link settled several other patent cases against tech companies including MediaTek competitor Amlogic soon after the ITC criticized it, Realtek said. The case is Realtek Semiconductor Corp v. MediaTek Inc, U.S. District Court for the Northern District of California, No.

Persons: Realtek, MediaTek, IPValue, Amlogic, Rudy Kim, Michael Murray, Nafeesah, Paul Hastings, Steven Baik, Blake Brittain Organizations: Realtek Semiconductor Corp, MediaTek, IPValue Management Inc, Link Systems, U.S . International Trade Commission, ITC, MediaTek Inc, Northern, Northern District of, White, Thomson Locations: Northern California, United States, West Texas, Northern District, Northern District of California, Washington

☆ 26-year-old pays $1,157 a month for a 240-square-foot studio: 'I didn't even know they made apartments this tiny'
▼ + stars: | 2023-05-06 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Before Chi Baik moved into her 240-square-foot studio in Seattle last year, she tells CNBC Make It she"didn't even know they made apartments this tiny." Baik moved in September of 2022 and used to pay $1,550 for the place. John Paget | CNBC Make ItHer kitchen has modern finish with a two-burner stove but no oven. John Paget | CNBC Make ItChi Baik moved to Seattle from the Washington, D.C., area in the fall of 2022. Chi Baik is getting her Ph.D. at the University of Washington in special education Jon Paget | CNBC Make It

"It feels like I'm starting a new chapter in my life, and I'm really excited for it," she says. Chi Baik, 26, lives on $27,000 a year as a Ph.D. student in Seattle. Baik knows most people will think $27,000 is "so little money," but says "I feel very grateful that I'm making that much, that I have a home to live in, especially in Seattle. The unhoused population is really large, and that makes me even more grateful for the money that I am making." She decided to pursue her doctorate earlier than she planned as a sort of break from the demanding work of teaching special ed during the pandemic era.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a 26-year-old earning $27,000 in Seattle, Washington, spends her moneyChi Baik, 26, lives in Seattle, Washington, and earns $27,000 a year as a Ph.D. student. Baik used to work as a teacher outside Washington D.C., but moved to Seattle to get her Ph.D. in special education at the University of Washington. Despite earning less money and having higher living expenses, she is grateful for the money she is making and still finds ways to treat herself. 07:51 an hour ago

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