Lee Jae-Myung's Policies Likely to Negatively Impact Korean Banks

• Among the various industries, the banking sector could be negatively impacted if Lee Jae-Myung becomes the next President of Korea.

• Lee Jae-Myung has pledged providing a "basic loan" of 10 million won per citizen which is likely to negatively impact the Korean banks since it lacks rigorous credit checks.

• There is an increasing likelihood that Lee Jae-Myung could raise the pressure on local banks to share the responsibility of social policies by contributing more money to support them.