South Korean financial authorities review Binance operations in the country, ask Gopax to reapply for license

South Korean financial authorities are conducting a review of Binance’s trading platform business in the country, Chosun Ilbo reported. Earlier this month, Binance was preparing to enter the country by acquiring a 40% stake in Gopax, the fifth largest exchange in South Korea. The key executives of Gopax have been changed to Binance personnel. ), or regulate Gopax by not offering real-name accounts at commercial banks. Jeonbuk Bank, which currently provides real-name accounts to Gopax, is considering whether to continue to provide real-name accounts after the Binance acquisition becomes official.