South Korean exchange Gopax has submitted a report to the Financial Intelligence Unit (FIU) under the South Korean Financial Services Commission of a change in the business of a virtual asset operator (VASP) due to a change in registered director, Yonhap News Agency reported. If the FIU accepts this change report, Binance will become the first global token exchange to enter the Korean market. Earlier this month, Gopax replaced its CEO from founder Lee Jun-haeng to Binance Asia Pacific CEO Leon Sing Foong, and replaced its new internal directors with Binance executives.