SBS News

Foreign Investors Continue Selling Amid Middle East Tensions; Won-Dollar Exchange Rate Rises 12 Won to 1,520 Range The won-dollar exchange rate rose by more than 10 won today as risk appetite weakened due to escalating tensions in the Middle East and foreign investors continued their net selling of stocks. SBS Jun 10, 2026 5:34 PM

KOSPI Plunges 4.5% to Close at 7,730, Slipping Below 8,000 Mark in 'Dizzying Volatility' The benchmark Korea Composite Stock Price Index plunged more than 4 percent on Wednesday, continuing its rollercoaster ride after a sharp rebound the previous day. SBS Jun 10, 2026 5:33 PM

Kakao Stages First Partial Strike Since Founding; Union Announces Second Walkout for June 29 The labor-management conflict at Kakao appears to be entering a prolonged phase as the union, having launched the company's first partial strike since its founding, announced plans for a second walkout on June 29. SBS Jun 10, 2026 5:12 PM

Kakao Union Announces Further Strike, Declares "Log-off Day" The Kakao labor union, which held its first partial strike since the company's founding with a four-hour walkout today, has announced plans for an additional strike on June 29. SBS Jun 10, 2026 5:05 PM

Famous Restaurant Owner Caught Using AI-Generated Fake Transfer Receipts to Cover Up Unpaid Wages An unscrupulous restaurant owner has been caught after submitting AI-generated images of bank transfer receipts to a labor inspector in a fraudulent attempt to prove that overdue wages had been paid. SBS Jun 10, 2026 4:59 PM

Hidden Cards Keep Oil Prices in Check, But Experts Warn of Potential Surge Starting in July Even with the Strait of Hormuz—a vital waterway through which 25% of the world's seaborne crude oil passes—effectively blockaded due to the war with Iran, "ghost oil shipments" are being cited as the reason global oil prices have avoided a worst-case scenario. SBS Jun 10, 2026 4:56 PM

Chey Tae-won: "Location of Next Semiconductor Plant to Be Decided After Comprehensive Consideration" Speaking to reporters after attending a panel discussion at the Nikkei Forum's "Korea-Japan Special Session" held at the Imperial Hotel Tokyo, Chairman Chey responded to a question about the location of the next plant after the completion of the fourth semiconductor plant at the Yongin Cluster, saying, "As semiconductor demand continues to increase, we cannot avoid expanding somewhere, and preparing for this is now a task before us." Regarding the possibility of SK hynix building a plant abroad, he said, "If it is not possible in Korea, shouldn't we build it overseas?" He added, "It may not be a matter of 'we will absolutely build only in Korea.' The market could react in a completely different way afterward." He continued, "If we are to build a plant somewhere, it requires a tremendous amount of infrastructure. SBS Jun 10, 2026 3:52 PM

Chey Tae-won Says Location for Next Semiconductor Plant Will Be Decided After Comprehensive Consideration SK Group Chairman Chey Tae-won said on June 9 that the rapid surge in semiconductor demand has accelerated planning for the period after the construction of SK Hynix's Yongin semiconductor cluster, and that the company is considering various locations, leaving open possibilities both domestically and abroad. SBS Jun 10, 2026 3:51 PM

Samsung Electronics Minority Shareholders File Injunction to Access Shareholder Register: "Minority Shareholders, the True Owners, Are Being Ignored" Through this lawsuit, ACT plans to secure the shareholder register and immediately send mail to at least 10,000 shareholders to begin exercising shareholder rights regarding the 10-year agreement on performance-based bonuses linked to "N% of operating profit." Currently, 14,721 Samsung Electronics shareholders have joined ACT, with a total of 1.6 trillion won in shares verified. SBS Jun 10, 2026 3:32 PM

Restaurant Owner Caught Using AI to Forge Wage Transfer Records; Authorities Consider Arrest Warrant A restaurant owner has been caught today for submitting AI-generated fake bank transfer receipts to a Ministry of Employment and Labor inspector to falsely claim that overdue wages had been paid to employees. SBS Jun 10, 2026 3:15 PM