Binance CEO Shares Plans To Re-enter Into the Korean Market: An Excellent Move For Business?

Changpeng Zhao (CZ Binance) has announced his plan to re-enter the Korean market according to CoinQuora today.

Zhao, commonly addressed in the crypto world as CZ, met with Maeil Economic Daily at the VivaTech 2022 site in France on the 16th to discuss his blueprints for the platform to re-enter the Korean market. The CEO said in the interview that “a good time for recruiting essential talent and M&A is approaching.” This is due to the crypto winter, wherein many crypto companies have been forced to impose layoffs amid extreme market conditions. Notably, a crypto winter is a period of flat trading and reduced prices across the crypto market.

CZ shed some light on his plans to re-enter the Korean market, adding that “in order for Web 3.0 to become a reality, popularization is ultimately the key, and Binance’s ultimate goal is to become a platform for this.” The CEO concluded the interview by expressing his optimism for Web3.0 technologies, such as blockchain, NFT, and the metaverse like with Decentraland, Solis and Otherside. He stated that “the bubble bursts, but eventually the technology remains. Just like the Internet, in 10 to 15 years, NFTs and blockchains will completely enter our lives, and we will not use the term itself.”