domestic banks-overseas businessS. Korean banks' net income from overseas businesses down in 2022 SEOUL, July 12 (Yonhap) -- South Korean banks' net income from overseas businesses decreased in 2022 from a year earlier on increased bad debt expenses, data showed Wednesday. The net income of domestic banks' overseas businesses sank to US$991 million from $1.17 billion on-year, according to the Financial Supervisory Service (FSS). The FSS attributed the decrease to a rise in banks' bad debt expenses intended to prepare for bad loans amid global rate hikes.

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