Gopax Holds Board Meeting and Appoints Lee Joong-hoon as New CEO

Domestic virtual asset exchange Gopax has appointed Lee Jung-hoon as its new CEO.

Lee Jung-hoon, the new CEO of Gopax Photo by Gopax

According to industry sources on the 19th, Streamy, the operator of Gopax, held a board meeting and approved the agenda to change the CEO to Lee Jung-hoon, the current vice president of Gopax.

The new CEO, born in 1981, graduated from KAIST with a degree in Computer Science and worked as a software engineer at Microsoft. He later earned a law degree from Harvard Law School, served as an executive director at Goldman Sachs Asia headquarters in Hong Kong, and was head of the derivatives division at Meritz Securities before joining Gopax in April last year.

This appointment is interpreted as a decision made to facilitate smooth communication after the financial authorities delayed the approval of the virtual asset service provider (VASP) change report for Gopax. Gopax operated Gopay, a virtual asset deposit service, which currently has 56.6 billion KRW worth of assets frozen. Binance, the global exchange that acquired management rights of Gopax, plans to pay the Gopay funds to investors once the change report approval is completed.