South Korea financial system face short-term crisis risk as inflation ramps up: poll

One in four experts warned of possible shocks.

South Korea now faces greater chances of shocks that could cause a short-term crisis in the financial system compared to six months earlier, reports Yonhap, based on the semiannual survey released by the Bank of Korea (BOK).

Over one in four of the 80 experts, which the central polled, reportedly said that the possibility of the country experiencing "shocks that could cause a crisis in the financial system" within a year or so remains high or very high.

This is more than double the percentage of experts–around 12.5%–who said the same just six months earlier.

Despite the rising risks, an overwhelming majority or 96.2% also expected the country's financial system to be stable over the next three years.

Experts cited high inflation as the top risk factor, with 1 in 3 (34.2%) respondents naming it as a concern.

Follow the link for more news on

South Korea Financial Firms

Also Read

MAS and IMDA to implement new framework against phishing scams

BofA sees 51% rise in API use for real-time treasury needs

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit