A | Most missing adults are found quickly, but gaps in the system can have deadly consequences Police search for Jang Mi-ran, a 37-year-old reported missing in May, at a palm farm in Hallim-eup, Jeju Island. Jang was found dead Monday. (Yonhap)The death of Jang Mi-ran after her missing-person case was allegedly closed on false grounds has renewed scrutiny of South Korea’s system for finding missing adults.South Korea tracks missing-person reports involving adults, but ordinary adult cases are not covered by the same legal framework that allows nationwide alerts, certain forms of location tracking and DNA testing for children, people with specified disabilities and people with dementia.More than 70,000 adults were reported missing each year between 2022 and 2025. Most cases were resolved quickly, with 89.4 percent closed within a day last year and 99 percent within a month, according to National Police Agency data.Of the 70,591 adult missing-person cases closed in 2025, 931 involved people who were found dead.Jang’s case has drawn attention to what can happen when a case is closed before a missing person’s safety has been confirmed.A Jeju police officer surnamed Bu is accused of falsely telling Jang’s boyfriend and family that she was safe but did not want to be found. Police have said they found no records showing that Bu contacted her.Bu is accused of making a similar false claim in another missing-person case involving a man in his 60s, who was also later found dead.The cases have revived a long-running debate over whether police need stronger legal authority to search for missing adults, and how far those powers should extend without infringing on privacy.Gaps in adult casesJang’s cousin reportedly went to Seoul’s Nowon Police Station on July 19 to request another search for her, about two months after Bu allegedly told the family that Jang had been contacted and was safe.Nowon officials reportedly questioned whether Jang, as an adult, might simply have left voluntarily.The high rate of quick case closures has raised concern that some adult cases are treated as routine disappearances. Bu handled and closed 298 missing-person cases during roughly 17 months on a missing-person team.Meanwhile, the number of cases ending in death is not insignificant. Between 2016 and 2025, 13,639 missing adults were eventually found dead, an average of about 1,364 a year. Thousands of long-term cases also remain unsolved. Police search for Jang Mi-ran, a 37-year-old reported missing in May, at a harbor in Jeju Island. Jang was found dead on Monday. (Yonhap)Police have fewer tools in ordinary adult cases.Nationwide missing-person alerts are generally sent out only for minors, people with certain disabilities and people with dementia. Of the 3,126 people found last year under that system, 696, or 22.3 percent, were located after reports from members of the public who had seen an alert.Police searches and investigations accounted for 39.2 percent of discoveries, according to a report jointly submitted by the National Police Agency and the Ministry of Health and Welfare.Ordinary missing adults generally do not qualify for such alerts.Police have used DNA testing since 2004 to identify missing children and other eligible groups. Ordinary adult cases are not covered by the same DNA collection and comparison framework.The scale of adult disappearances is also larger. About 70,800 adult missing-person reports were filed in 2025, more than twice the roughly 29,600 involving children.Legislative pushSouth Korea enacted the Act on the Protection and Support of Missing Children and Others in 2005, establishing the legal basis for many of the search tools used today. There is no equivalent comprehensive law for ordinary missing adults.Lawmakers have made repeated attempts to fill that gap.A bill proposed in 2024 by Rep. Lim Ho-seon of the Democratic Party of Korea would establish a separate information system for missing adults and give police clearer authority to obtain location and travel information.The proposal remains pending at the National Assembly alongside similar bills.Supporters argue that broader powers could help police act more quickly when an adult is in danger. Opponents warn that the same powers could be used to track people who have deliberately chosen to leave home or cut off contact.Adults generally have the right to decide where they live and whom they remain in contact with, making the issue more complicated than cases involving children or vulnerable people.Police can already obtain location information in some cases involving signs of imminent danger. The unresolved question is whether that authority should be expanded for missing adults more broadly.。 央行今日公告称，将在8月27日至9月1日开展隔夜逆回购操作，采用固定利率、数量招标，每日操作量不超过6000亿元。同时，8月25日，央行将开展5000亿元MLF操作，期限为1年期。 市场认为，受银行考核等因素影响，8月末短期流动性需求增加。央行在这一时点连续开展隔夜逆回购，有助于控制市场隔夜利率DR001的波动性，引导其围绕政策利率中枢平稳运行；9月1日开展1次隔夜逆回购操作，或与当日7天期逆回购到期量较大有关。 考虑到8月有6000亿MLF到期，这意味着8月MLF续作缩量1000亿，为近四个月来首次缩量。不过，考虑到8月两个期限品种的买断式逆回购续作加量2000亿，这意味着当月央行中期流动性操作合计加量1000亿，连续第二个月保持净投放，净投放规模较上月低7000亿。 月末资金面波动因素增多 央行出手维稳 临近月末，为保持银行体系流动性充裕，8月25日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展5000亿元MLF操作，期限为1年期。
B | 8月有6000亿MLF到期，这意味着8月MLF续作缩量1000亿，为近四个月来首次缩量，上月为续作加量1000亿。
C | 月末资金面可能会面临一定扰动。具体来看，本周存单到期规模有所提升，存单到期6481亿元，较前一周的5211亿元有所提升。政府债净缴款将升至7986亿元，较上周1539亿元明显增加，创2025年以来单周新高。 不过，兴业证券首席经济学家刘郁指出，央行近期操作，维护资金利率平稳的意图较为明确，6、7月跨月启动隔夜逆回购、8月税期首次开启隔夜投放，均体现出“削峰填谷”、避免资金面大幅波动的操作思路。央行或通过MLF续作及逆回购投放予以配合。投放若如期足量，资金面整体有望平稳跨月。
D | 东方金诚首席宏观分析师王青对财联社记者表示，8月中期流动性连续第二个月净投放，有两个直接原因：首先，近期市场隔夜利率DR001基本围绕政策利率平稳运行，8月中期流动性净投放，有助于保持资金面充裕，稳定市场预期。其次，接下来政府债券发行将会提速，其中三季度将为年内政府债券发行高峰期。由此，8月中期流动性连续第二个月净投放，有利于支持政府债券顺利发行，体现货币、财政政策协同。 “央行可通过收短放长，既调控非银资金中枢，又实现财政货币协同。
E | 不同阶段货币政策目标不同，需结合长、短端操作工具的组合判断央行态度。总的来看，调控信贷、支持财政，倾向于采用买断式、MLF等中长期工具；调控非银资金利率中枢，倾向于采用隔夜逆回购、7天逆回购等短端资金。”申万宏源证券指出，如果月底MLF缩量，需注意央行阶段性目标转向，警惕长债调控风险。
F | 央行增加隔夜逆回购次数 加快推进货币政策框架转型 值得注意的是，8月隔夜逆回购操作次数达到8次，显著高于7月的3次和6月的2次，具体来看，央行将在8月末前后开展4次隔夜逆回购操作（27日，28日、31日和9月1日）；叠加央行8月14日至19日已开展4次逆回购操作（14日、17日、18日、19日），及8月3日已开展1次隔夜逆回购操作。 同时，央行也在8月首次选择月中集中操作隔夜逆回购，时点正从月末向全月延伸。招联首席经济学家董希淼认为，这是隔夜逆回购从“应急工具”迈向“常态化工具”的标志。 董希淼认为，从数量操作维度看，两则公告传递出央行流动性管理的两个特点：一是，期限结构主动“缩长增短”；二是短期工具规模显著扩容。操作的核心逻辑是“以短换长、总量中性偏收敛”，虽然整体流动性仍保持合理充裕，但资金期限明显缩短、操作频率提高，对短期市场利率波动的敏感度将相应上升，意味着央行流动性调控正从“总量宽松”向“精准调剂、优化期限”的精细化操作转变。 王青表示，这意味着隔夜逆回购操作正在较快常态化，对有效抑制市场隔夜利率DR001的波动性发挥了明显作用。背后是近期央行正在加快推进货币政策框架从数量型向价格型转型，更加重视稳定短端市场利率。这也意味着DR001将会“更稳”，月中税期走款、政府债券发行缴款、政策工具到期、月末银行考核等因素的影响将明显弱化。 央行副行长邹澜此前在国新办发布会表示，在公开市场常规操作中增加隔夜逆回购操作品种，有利于增强央行流动性管理和短端利率调控的精准性、有效性，下一步，央行将继续平稳有序推动货币政策操作框架的改革完善，更好引导市场隔夜利率在政策利率附近平稳运行。结合一级交易商需求，研究逐步增加隔夜逆回购的操作频率，并和市场做好沟通。
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（文章来源：财联社）。
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