PANews reported on October 16th that Binance has completed its acquisition of South Korean cryptocurrency exchange Gopax, according to a report by The Block, citing local South Korean news outlet MK. On Wednesday, after more than two years of delays, the South Korean Financial Intelligence Analysis Service approved the change in key management personnel at Gopax. Gopax applied for this change in February 2023, after Binance acquired a 67% majority stake. Previously, South Korean regulators had delayed full approval of Binance's acquisition of Gopax, citing potential anti-money laundering risks.

Local media reports indicate that the approval, which appears to have been driven by the resolution of Binance’s compliance issues in the United States, signals Binance’s re-entry into the South Korean market after shutting down its local operations in 2021.