Binance says its goal in South Korea is a sustainable business, not market share

Binance's primary goal in South Korea is not market share but building a compliant, trusted, and sustainable business, according to SB Secker, the company's head of Asia-Pacific (APAC). In an interview with ZDNet Korea, Secker emphasized this focus. Binance is currently the largest shareholder in the South Korean virtual asset exchange Streami (Gopax), holding a 67.45% stake with the approval of financial authorities. Regarding GoFi repayments, Secker stated that the process must comply with South Korean commercial law and meet other legal and administrative requirements. He added that a schedule cannot be set unilaterally as discussions with regulators are ongoing. Secker also revealed plans to pursue business in institutional investment and stablecoins in cooperation with the authorities.