Korea's "Slow and Silent" Bank Run

Korea's "Slow and Silent" Bank Run

"Bank Run" is currently in progress in Korea. "Bank Run" is in progress, but I just don't know because the speed is relatively gentle and the media or people are not interested

According to the most recently released data, the delinquency ratio of savings banks rose to a whopping 8.8 percent, not because of a sudden increase in delinquency loans but because of a decrease in 總 loans

In 2023 alone, savings banks' balance of payments fell by a staggering 16 trillion won. This is by no means a normal situation

While government authorities are simply crumpling and turning a blind eye to the hell out of savings banks with healthy and non-healthy banks, even healthy savings banks are falling victim to a "bank run."

If the ongoing "SLOW & Silent" BANK RUN begins to speed up in earnest, it is very likely to worsen into a very difficult situation to deal with

Even if it cannot be helped that a 實 savings bank goes bankrupt, who will be responsible if a sound bank that does not have to go bankrupt because the government authorities have been crushing themselves without complacency?