Overseas branches of South Korean banks saw their combined net profit increase by twenty-two-point-two percent last year to 9-hundred and eighty-three million U.S. dollars.
According to data released by the Financial Supervisory Service, the record takes up 8 percent of the combined net profit of South Korean banks.
Despite the increase in bad debts, the figure resulted from considerable increases in interest and non-interest income.
A total of 1-hundred and eighty-nine branches of Korean banks are currently operating in thirty-nine countries.
