SBS News

Contentree JoongAng and Megabox JoongAng File for Court Receivership Two days after JTBC declared a default on its debt, Contentree JoongAng, an affiliate of JoongAng Group, and its subsidiary Megabox JoongAng have filed for court receivership. SBS Jun 15, 2026 12:30 PM

Buying Sidecar Triggered by 'End-of-War Agreement' News; Exchange Rates and Global Oil Prices Plummet Following the news that the United States and Iran have reached a final agreement on a memorandum of understanding to end the war, the stock market is surging, and exchange rates are showing signs of stabilization. SBS Jun 15, 2026 12:15 PM

Lotte ON Offers Voluntary Retirement After Two Years: "Strengthening Organizational Competitiveness Through Workforce Restructuring" According to the retail industry on June 15, Lotte ON notified its employees of the voluntary retirement program today. SBS Jun 15, 2026 11:55 AM

NongHyup to Write Off and Reduce 887.6 Billion Won in Long-Term Overdue Debt to Support Vulnerable Groups To achieve this, NongHyup is mobilizing the capabilities of its financial subsidiaries—including the bank, securities, capital, and savings bank—as well as regional agricultural and livestock cooperatives and NongHyup Asset Management. SBS Jun 15, 2026 11:53 AM

[Editor's Pick] Interest Rates Rise Even Before Official Hike: "It's Heartbreaking," Say Debt-Burdened Borrowers Lee, a 40-year-old leather repair shop owner, is worried after receiving a text message that his jeonse (lump-sum housing lease) loan interest rate will rise by 0.12 percentage points starting next month. SBS Jun 15, 2026 11:41 AM

Starbucks Korea to Close All Stores Early for Mandatory History Education Following Controversy Starbucks Korea, which recently faced controversy over its "Tank Day" event, announced that Shinsegae Group Chairman Chung Yong-jin will undergo history education. SBS Jun 15, 2026 10:54 AM

Where Did All the Retail Investors Go? 3.7 Trillion Won Flows into 'Gangnam 3 Districts' This year, the amount of money used to purchase homes by selling stocks or bonds has exceeded 3.7 trillion won. SBS Jun 15, 2026 10:29 AM

Postal Workers to Verify Store Closures to Prevent Fraudulent Subsidy Claims The government is establishing an on-site verification system utilizing postal workers to prevent fraudulent claims for store demolition subsidies provided to small business owners who have closed their shops. SBS Jun 15, 2026 10:26 AM

Number of Regular Employees Sees First Decline Since 1999, Down 7,000 Year-on-Year The number of regular employees, which offers high job stability, has declined for the first time since December 1999. SBS Jun 15, 2026 10:24 AM

KOSPI Market Cap Reclaims 7 Quadrillion Won Mark After 7 Trading Days and Iran. The KOSPI market capitalization has surpassed 7 quadrillion won once again as the index surged today following the agreement to end the war between the United States and Iran. SBS Jun 15, 2026 10:23 AM