SBS News

KOSPI Surges 5.2% to Reclaim 8,500 Mark as War Clouds Clear and Iran. Both the KOSPI and KOSDAQ closed higher today following the ceasefire agreement between the United States and Iran. SBS Jun 15, 2026 3:58 PM

Variable Mortgage Rates Set to Rise Again as May COFIX Edges Up 0.01%p According to the Korea Federation of Banks on June 15, the new COFIX for May was recorded at 2.90%, up 0.01 percentage points from April . SBS Jun 15, 2026 3:25 PM

Labor Minister Meets POSCO Executives Over Repeated Accidents: "Increase Safety Investment" Minister of Employment and Labor Kim Young-hoon met with POSCO Group executives on June 15 to address the recurring fatal accidents at the Shinansan Line railway construction site, urging the company to "increase investment in safety." The meeting was arranged as part of urgent measures ordered by Minister Kim to prevent the recurrence of serious industrial accidents. SBS Jun 15, 2026 3:12 PM

SK Chairman Chey Tae-won and Roh Soh-yeong to Hold Second Mediation Session for Divorce Settlement The second mediation session for the remand trial regarding the division of assets between SK Group Chairman Chey Tae-won and Art Center Nabi Director Roh Soh-yeong is being held today, June 15. SBS Jun 15, 2026 3:08 PM

Average Price of New Private Apartments in Seoul Surpasses 60 Million Won Per Pyeong for First Time in May According to the private apartment presale price trends released by the Korea Housing & Urban Guarantee Corporation on June 15, the average presale price per square meter for new private apartments nationwide over the past year was recorded at 6.475 million won as of the end of May. SBS Jun 15, 2026 2:05 PM

BOK: "Exiting 25% of 'Zombie' Firms Could Boost Total Economic Value-Added by 0.35%" The Bank of Korea released an analysis on June 15 suggesting that the timely exit of "zombie firms"—companies unable to cover their loan interest with operating profits—is essential to enhancing overall economic productivity and value-added. SBS Jun 15, 2026 2:04 PM

Nearly 7,000 Homes Applied for 3rd Round of Government Buyback of Unsold Properties in Provinces According to LH on June 15, a total of 6,953 units across 70 complexes were applied for the third round of the buyback program between April 27 and June 5. SBS Jun 15, 2026 2:03 PM

Foreign Investors Sell Record $31.8 Billion in Korean Stocks in May According to the "Trends in International Financial and Foreign Exchange Markets" report released by the Bank of Korea on June 15, foreign investment in Korean securities saw a net outflow of $26.15 billion in May. SBS Jun 15, 2026 2:01 PM

Citibank Forecasts Base Rate Could Reach 4.0% by Next Year Kim Jin-wook, an economist at Citibank Korea, stated this in a report released today , noting that the central bank "could accelerate its tightening pace more quickly than expected, such as by raising rates consecutively in the second half of the year." Kim initially projected that the Bank of Korea would begin raising rates in July and implement four consecutive 0.25 percentage point hikes in October, January of next year, and April, ultimately reaching a terminal rate of 3.5% per annum. SBS Jun 15, 2026 1:57 PM

FSS Issues Warning on 'Meme Coin' Scams on Decentralized Exchanges: "Do Not Blindly Trust Social Media" A decentralized exchange is a platform where transactions occur directly between users without a central governing entity. SBS Jun 15, 2026 1:54 PM