According to Yonhap News, Binance Co-Founder and Co-CEO He Yi stated that Binance is continuing to explore solutions for substantial compensation to Gopay users for their losses, but the specific timeline has yet to be determined. The process must comply with South Korean laws and regulatory requirements and will involve coordination with relevant authorities. When Binance acquired shares in GOPAX, it had promised to compensate users for losses caused by Gopay's withdrawal suspension. As of September 2023, approximately $70 million in compensation has been completed, with no additional repayments made since then. He Yi also reiterated Binance's intention to enter the South Korean market, saying the company aims to provide more global assets and higher liquidity to the local market. https://(wublock123.com)/news/binance-to-coordinate-with-korean-regulators-on-gopay-user-repayments-64582