Kim Byoung-hwan, the nominee for the chief of Financial Services Commission, expressed during a parliamentary hearing that the authorities would closely monitor the increasing household loans, acknowledging concerns about their potential negative impact on economic recovery and the financial system. He emphasized the need for thorough management of these loans while highlighting the third consecutive month of rise in outstanding household loans from banks, which stood at 1,115.5 trillion won (US$805 billion) as of end-June. Additionally, he noted the increase in delinquency ratio on loans extended by banks, signaling a cautious approach in light of the recent volatility in the virtual asset market. Furthermore, Kim voiced his reservations about allowing corporations to hold bank accounts for cryptocurrency transactions, emphasizing the importance of prioritizing investor protection in the current policy. He also took a cautious stance on the potential allowance of transactions of spot bitcoin exchange-traded funds, stressing the need for financial authorities to carefully consider the impact on financial market stability and institutions. Overall, Kim Byoung-hwan emphasized the significance of closely monitoring household loans and adopting a cautious approach towards cryptocurrency transactions, underlining the need for investor protection and financial market stability. Is there anything else that you would like to ask about this topic?