Appointment of Jo Youngjung as CEO of Steerimi, Operator of Gopax, One of Korea's Top 5 Cryptocurrency Exchanges
On the 12th, Steerimi, the operator of Gopax, one of the top five cryptocurrency exchanges in Korea, announced the appointment of Youngjoong Cho as CEO.
With the CEO appointment process completed, the company plans to establish a mid- to long-term revenue model and undertake comprehensive structural improvements to enhance profitability.
Newly appointed CEO Youngjoong Cho is a professional manager who completed the KAIST MBA program and has worked at numerous domestic IT specialized companies. He is currently serving as the CEO of City Labs.
CEO Youngjoong Cho stated, “I plan to review the profitability system of Gopax, our core business division, and focus on structural improvements to stabilize management. Given the recent favorable external conditions, such as the cryptocurrency market returning to an upward trend, we will also work on redefining a mid- to long-term revenue model driven by user expansion.”
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Gopax is recognized as one of the top five cryptocurrency exchanges in Korea where virtual asset trading is possible with Korean won. It possesses the largest number of domestic patents related to open blockchain technology, demonstrating solid technical capabilities. Since its launch in 2017, Gopax has shown rapid growth, achieving a cumulative trading volume of 36 trillion won and 800,000 cumulative members by the first half of 2021.
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