Binance denies the report that it is "considering building a new crypto exchange in South Korea with the honorary chairman of Kolon Korea"

According to a News1 report, Binance denied the report that it was “considering building a new cryptocurrency exchange in South Korea with Lee Xiongyeol (transliteration), the honorary chairman of Kolon Korea.” Binance stated that last year we had discussions with Kolon about the development of the Korean blockchain industry and the implementation of the charity industry, but we have not discussed the establishment of a new exchange. Previously, according to Yonhap News Agency, Lee Xiongyeol (transliteration), the honorary chairman of South Korea’s Kolon Group, will establish a joint venture with Binance to cooperate with the South Korean government and financial authorities to establish a new virtual asset exchange.