Progress of a Leading Exchange in the Korean Market: Advancement of GOPAX Acquisition and Regulatory Agreements

Source: BlockMedia Original Title: [BBW 2025] “GoFi repayment only possible after acquisition is complete” Binance in close consultation with financial authorities Original Link: https://www.blockmedia.co.kr/archives/1014652 The world’s largest digital asset(virtual asset) exchange has once again expressed a strong commitment to enter the Korean market. Notably, it has positioned the completion of the GOPAX acquisition as a key task for entering the domestic market and stated it is currently in close consultation with relevant regulatory authorities.

The APAC head met with Korean reporters at a blockchain week event in Dubai, UAE, stating, “Korea is a market that adopts digital assets rapidly and leads global standards,” adding, “We highly value the potential of the Korean market.” He continued, “We are cooperating with regulatory authorities with a long-term perspective,” and “We are pursuing a phased entry into the market.”

He particularly highlighted the acquisition of GOPAX as the core of their Korean market entry strategy, emphasizing the importance of the related procedures. The executive said, “Renewal of GOPAX’s virtual asset service provider(VASP) license and restructuring of its shareholder composition are essential requirements for completing the acquisition,” adding, “We are currently consulting with regulatory authorities such as the Financial Intelligence Unit(FIU).” He further explained, “This is not just a matter of will; it is an issue that must meet legal and administrative procedures step by step.”

He also addressed concerns from some investors regarding GoFi repayments. The executive stated, “It’s not a matter of whether repayment is possible, but how it will be realized,” adding, “Repayment procedures can only be actively pursued once the GOPAX acquisition is complete.” He continued, “We are currently fulfilling the legal and administrative requirements for the acquisition. While it’s difficult to specify an exact timing for repayment, we are considering all possible options and consulting with regulatory authorities.”

The company is positioning the Asia-Pacific(APAC) region as a strategic hub, implementing advanced localization strategies tailored to each country’s market environment and regulatory framework. The executive emphasized, “Korea is one of the core markets at the center of this strategy,” adding, “Rather than focusing on short-term results, we are seeking stable market entry based on strict regulatory compliance and long-term partnerships.”

However, he showed a cautious stance regarding business expansion within Korea. He stated, “At this point, focusing on the fundamental role of the exchange is most important,” adding, “Rather than establishing a local office or launching new independent businesses, it is a priority to first build a stable cooperation structure centered on GOPAX.”