After the CEO of Binance Changpeng Jao pointed out the special importance of the South Korean crypto-currency market, local media suggested that the branch office would be opened in the future. According to Business Korea, Binance is already looking for managers for the new division.
Local media pointed to the fact that earlier Binance had added Korean language support and hired two representatives of the local crypto industry to the position of local marketing director and head of the Binance Labs fund.
It is worth noting that the interest of a major site to South Korean jurisdiction is explained by the willingness of local legislators not only to consider a number of regulatory and legal acts to regulate the crypto-currency sector, but also to remove last year's ban on ICO.
Binance plans to open from 3 to 5 local branches in 2018. So, less than a month ago, the company announced the launch of a new trading platform in Uganda with support for fiatic trades.