Odaily Planet Daily News: Data shows that the delinquency rate of credit loans for cryptocurrency accounts of South Korean bank K Bank has hit a record high. K Bank is the won account subsidiary bank of Upbit, South Korea's leading cryptocurrency exchange, which accounts for more than 70% of the country's cryptocurrency trading volume. After two consecutive failed listings, K Bank is preparing for an IPO next year. It is pointed out that its over-reliance on Upbit and poor robustness indicators may become obstacles to its listing. Data submitted to the Financial Supervisory Service today by the office of Kim Jae-seop, a member of the National Assembly Political Committee and a member of the People's Power Party, showed that as of the third quarter of this year, the delinquency rate of personal credit loans of customers using cryptocurrency-related accounts of K Bank was 1.28%, and the delinquency balance was 47.4 billion won. Since the bank launched cryptocurrency-linked accounts in June 2020, the delinquency rate and delinquency balance have continued to hit record highs. It is reported that K Bank will resume listing next month. The effectiveness of the preparatory review for listing obtained in August this year will be valid until February next year, so the industry believes that K Bank may try to go public again before then. Some analysts believe that the recent activity in the cryptocurrency market is beneficial to K Bank as it can generate additional income by managing investor assets deposited on Upbit.