South Korean branches of foreign banks saw their profits grow last year by 27.4 percent over the previous year, thanks to strong interest income, according to monitoring data from the Financial Supervision Service released on Tuesday. Data from 38 global banks operating here, such as HSBC Bank, raised 867.3 billion won ($764 million) in 2018, an increase of 27.4 percent from 186.6 billion won the previous year, according to the data.
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