Richard Teng, CEO of Binance, is expected to visit South Korea next week, where he’ll spotlight the importance of user protection and regulatory compliance. He’ll speak at notable events such as the World Knowledge Forum and give a keynote at Cyber Summit Korea 2025, hosted by the National Intelligence Service.
Teng’s Agenda
During the trip, Teng plans to meet with regulators, law enforcement officials, and industry leaders to discuss cooperation on market transparency and user protection. His trip comes amid renewed efforts by South Korean authorities to formalize crypto regulation.
Teng said ahead of his trip: “In a rapidly evolving regulatory landscape, investor protection and international cooperation are essential. Only then can the virtual asset industry earn its place as a trusted part of the financial ecosystem.”
Last week, Binance received a certificate of appreciation from the Korean National Police Agency for its help in combating cyber and virtual-asset crimes. This is a second such commendation, making Binance the only overseas exchange to earn this recognition twice.
The Real Story: Binance’s Stalled Push into the Korean Market
Interestingly, since 2023, Binance has tried to enter the Korean market through acquiring GOPAX (a local cryptocurrency exchange), but regulators have delayed approvals. Therefore, Teng’s visit is seen as a planned effort to rebuild goodwill and explore collaboration opportunities.
South Korea’s regulatory push shapes Binance’s strategy
South Korea is quickly moving on several fronts, such as drafting stablecoin rules, exploring global>
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