K Bank has benefited from the crypto market rally by partnering with Upbit, but it comes at a cost. 📉

- In the third quarter, K Bank’s credit default rate for virtual asset accounts reached 1.28%, a record high.

- The default rate for customers with medium-low credit scores is even higher at 2.2%.

- The bank is struggling with rising interest rates and market volatility. 💸

K Bank needs to develop a more robust strategy for its IPO plans. 📊