Gopax Appoints Former AWS Korea Head Kim Nayoung as New CEO

Gopax, a domestic virtual asset exchange, is working to normalize its operations by accelerating the resolution of the 'GoFi' outstanding repayment issue under its new CEO system.

Photo of Kim Nayoung, the new CEO of the domestic virtual asset exchange Gopax. Gopax

On July 27, Gopax announced that it had appointed Kim Nayoung, formerly Head of Financial Business Development at Amazon Web Services (AWS) Korea, as its new CEO.

Through this personnel change, Gopax plans to expedite the resolution of the GoFi outstanding repayment issue while also strengthening communication with financial authorities to accelerate the normalization of management. The GoFi outstanding repayment issue stems from the aftermath of the global virtual asset exchange FTX’s bankruptcy in November 2022, which resulted in approximately 130 billion won in investor assets entrusted to Gopax’s deposit service, GoFi, being frozen and inaccessible.

CEO Kim holds an MBA from Harvard Business School and is a Chartered Financial Analyst (CFA) with deep expertise in financial regulation and financial IT. During her tenure at AWS Korea, she demonstrated a high level of understanding of the complex regulatory environment for finance and financial IT while supporting major domestic financial firms with blockchain and AI-based digital transformation (DX) projects. She also served as the Korea country head for Bloomberg, a global financial information company, and until recently was a member of the Operations Committee at Korea Investment Corporation (KIC), where she reviewed key management matters and risk issues, further highlighting her expertise in global capital markets.

A Gopax official stated, "At a time when the virtual asset market is rapidly becoming institutionalized, we judged that CEO Kim, who encompasses both traditional finance and IT expertise, is the ideal person to lead Gopax’s fundamental transformation."

CEO Kim said, "GoFi asset repayment and management normalization are my top priorities. My utmost focus will be on resolving the GoFi outstanding repayment issue for customers first." She added, "Although there are numerous challenges ahead, including this year's renewal of our virtual asset service provider (VASP) status, we will broaden our communication channels with financial authorities, reinforce internal controls and transparent management, and work together with employees to bring Gopax back on track as soon as possible."

This content was produced with the assistance of AI translation services.