According to the Bank of Korea (BOK) survey, the highest number of respondents selected the inflationary pressure, driven by higher commodity prices and global supply chain disruptions, as the biggest risk facing the South Korean financial system.
It was followed by the tightening monetary policies in major economies and the country's massive household debts.
The result was based on a poll of 80 financial experts conducted between April 27 and May 13.
South Korea's consumer prices rose 4.8 percent in April from a year earlier, marking the highest in over 13 years since October 2008.
Inflation expectations, which gauge the outlook among consumers over headline inflation for the next 12 months, rose to 3.3 percent in May, the highest in over nine years since October 2012.
To rein in the runaway inflation, the BOK raised its key rate by a quarter percentage point to 1.75 percent last week, after lifting it by 25 basis points in January and April respectively.
Those who predicted a high possibility for financial crisis to come within one year was 26.9 percent, higher than 12.5 percent in the previous survey conducted five months ago.
Those who saw a high possibility for financial crisis to occur within three years was 32.9 percent, and those with a low possibility was 25.3 percent.
Latest comments