PANews reported on October 14th that, according to The Block, South Korean authorities have resumed their review of Binance's acquisition of Gopax, a local cryptocurrency exchange, after a delay of over two years. This suggests that Binance may soon return to the Korean market after shutting down its local operations in 2021. The Financial Intelligence Analysis Service (FIU) is currently evaluating Gopax's formal report on the replacement of core executives and is taking a positive approach, anticipating approval of the changes at Binance and Gopax as early as the end of 2025. Under current South Korean law, there is no separate qualification review for major shareholders of cryptocurrency exchanges. Therefore, this report on the executive change is essentially considered a review of the qualifications of Binance's major shareholders.

In March 2023, after Binance acquired a 67% stake in Gopax and became its largest shareholder, Binance and Gopax submitted their first executive change report. Subsequently, local regulators shelved the approval process, citing potential anti-money laundering risks.