Streami, which operates the domestic virtual asset exchange GOPAX, said on the 27th that it appointed Kim Na-young, former head of financial business development at Amazon Web Services (AWS) Korea, as the new CEO.
With this appointment, GOPAX plans to speed up resolving the long-standing unresolved issue of "GoFi" redemptions together with its largest shareholder, Binance Holdings Ltd. The company also said it will strengthen communication with the financial authorities and focus on normalizing management.
GoFi is a product in which GOPAX in 2022 entrusted investors' deposited assets to overseas manager Genesis Global Capital, but after the bankruptcy of global virtual asset exchange FTX, Genesis also fell into default, blocking the recovery of funds. Assets of about 120 billion won are known to be tied up.
Kim said, "Repaying GoFi funds and normalizing management are the top priorities," adding, "First of all, we will concentrate all our capabilities on resolving the unresolved issues for GoFi customers."
Binance Holdings Ltd. also emphasized its full support for the new GOPAX management. SB Seker, head of Asia-Pacific (APAC) at Binance Holdings Ltd., said, "We will actively support the steps of the new management and work closely together so that GOPAX can regain market trust and grow to the next level."
Kim holds an MBA (Master of Business Administration) from Harvard Business School and is a Chartered Financial Analyst (CFA), with expertise in financial regulation and financial IT.
During Kim's tenure at AWS Korea, in the process of supporting domestic major financial companies' Blockchain and artificial intelligence (AI)–based digital transformation (DX) projects, Kim also deepened understanding of the financial industry and the financial IT regulatory environment.