[South Korean media: Upbit partner bank K Bank's cryptocurrency account credit loan delinquency rate hits a record high] According to data on December 30, the delinquency rate of credit loans for cryptocurrency accounts at South Korean bank K Bank hit a record high. K Bank is the won account subsidiary bank of South Korea's leading cryptocurrency exchange Upbit, 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 has been 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 (sound), 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 at 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 pre-listing review 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 active cryptocurrency market is beneficial to K Bank because it can generate additional income by managing investor assets deposited on Upbit.