Binance denies reports of "considering building a new cryptocurrency exchange in South Korea with Kolon Honorary Chairman."

ChainCatcher news, according to News1, Binance has denied reports that it is "considering building a new cryptocurrency exchange in South Korea with Kolon Honorary Chairman Lee Yong-ryeol." Binance stated that last year we discussed the development of the blockchain industry in South Korea and the implementation of charitable initiatives with Kolon, but we have not discussed the establishment of a new exchange.

Previously, according to Yonhap News Agency, Lee Yong-ryeol, Honorary Chairman of the Kolon Group in South Korea, would establish a joint venture with Binance to collaborate with the South Korean government and financial authorities to create a new virtual asset exchange. (source link)