[Breaking News] "Recent Oil Price Plunge Shocks Korean Banks... Risks Intensify"

[Asia Economy Reporter Kim Suwan] The international credit rating agency Moody's recently assessed on the 22nd that the sharp decline in oil prices could increase asset risks held by banks in Asia, including Korea.

In an in-depth report on the banking sector released that day, Moody's stated, "The unexpected sharp drop in oil prices since March, along with the response to the COVID-19 pandemic, is adding asset risks to banks in regions such as Singapore, Malaysia, Japan, and Korea."

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