Korean media: The Vice President of GoPax has been appointed as the new CEO of GoPax

ChainCatcher news, according to Digital Asset, South Korean cryptocurrency exchange Gopax appointed Vice President Lee Jong-hoon (phonetic) as the new CEO at a temporary shareholders' meeting. Binance's General Manager for the Asia-Pacific region, Leon Poong, was removed from the position of Gopax CEO by the Gopax board on June 8.

It is reported that Lee Jong-hoon joined Gopax in 2021 and led Binance's acquisition of Gopax. Gopax's decision to replace its CEO with a South Korean is aimed at facilitating the reporting of the company's progress. In February of this year, Bloomberg reported that Binance had acquired a majority stake in the South Korean exchange Gopax, with the funding for this acquisition coming from Binance's previously launched $1 billion "Industry Recovery Fund," although the specific terms of the acquisition were not disclosed.

ChainCatcher previously reported that Binance is considering appointing Vice President Lee Jong-hoon (phonetic) to the position of Chief Representative of GoPax to complete the acquisition of GoPax. (Source link)