【Portuguese media: Upbit's partner bank K Bank's overdue rate for cryptocurrency account credit loans reaches a record high】On December 30, news reports indicated that the overdue rate for cryptocurrency account credit loans at K Bank, a bank in South Korea, has reached a historic high. K Bank is the affiliated bank for the Korean won accounts of Upbit, a leading cryptocurrency exchange in South Korea, accounting for over 70% of the country's cryptocurrency trading volume. After two failed IPO attempts, K Bank is preparing to go public next year, and its over-reliance on Upbit and poor stability indicators may hinder its listing. Data submitted today by the office of Kim Jae-seop, a member of the National Assembly's Political Committee and a member of the People Power Party, to the Financial Supervisory Service shows that as of the third quarter of this year, K Bank's overdue rate for personal credit loans through cryptocurrency-related accounts is 1.28%, with an overdue balance of 47.4 billion Korean won. Since the launch of cryptocurrency-linked accounts in June 2020, the overdue rate and overdue balance have continuously reached historic highs. It is reported that K Bank will resume its IPO next month. The effectiveness of the preparatory review for the IPO obtained in August this year will last until February next year, so the industry believes that K Bank may attempt an IPO again before then. Some analysts believe that the recent activity in the cryptocurrency market is favorable for K Bank, as it can generate additional income by managing investor assets deposited on Upbit.