Binance announced that it will continue to provide “side support” for the normal operations of South Korean cryptocurrency exchange Gopax. Recently, City Labs became a shareholder of Gopax, which was seen as a rebuttal to speculation that Binance was considering "exiting" the Korean market after handing over its stake to them.
Binance Asia Pacific director Steve Young Kim said that the authorization process with financial authorities is not something we will do, but GoPax will play an important role in it and Binance will continue to support them if they need it.