The South Korean authorities have gradually increased their control over crypto-related companies over the past few years.
In addition, the country's government plans to adjust legislation to improve the effectiveness of the supervision policy in the coming months.
However, despite all these measures, Binance is exploring the possibility of returning to the South Korean market.
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As reported by journalist Colin Wu, the exchange intends to acquire Gopax, a platform that is included in the list of the top five trading platforms in the country.
It is worth noting that Binance had planned to announce the purchase of Gopax at the end of December, however, it finally decided to postpone the announcement date to 2023. As part of the deal, Gopax CEO Lee Jun-haeng will sell a 41.2% stake to Binance.