Gopax Extends Real-Name Account Contract with Jeonbuk Bank Until February Next Year

Minseung Kang

Summary

Gopax announced that it has extended the real-name account contract with Jeonbuk Bank until February next year.
It was reported that this is a mandatory requirement for operating the KRW market under the Specific Financial Information Act.
In August last year, it was extended for nine months under the condition of restructuring the shareholding structure, and this time it was extended under the same condition.

The domestic virtual asset (cryptocurrency) exchange Gopax has extended its real-name deposit and withdrawal account (real-name account) contract with Jeonbuk Bank.

According to the industry on the 9th, Gopax announced that it had signed a real-name account renewal contract with Jeonbuk Bank on this day. The contract period is until February next year. The real-name account contract is a mandatory requirement for domestic exchanges operating the KRW market under the Specific Financial Information Act.

Gopax and Jeonbuk Bank first partnered in 2022, initially signing a six-month contract, which was then extended for two years. However, in August last year, it was extended for only nine months on the condition of restructuring the shareholding structure, and this time it was also extended for a short term under the same condition.