SBS News

Household Debt-to-GDP Ratio Hits 6-Year, 3-Month Low The government debt-to-GDP ratio also saw an unusually sharp decline. According to the Bank for International Settlements , South Korea's household debt-to-GDP ratio stood at 88.6% at the end of last year, down 0.8 percentage points from the end of the previous quarter. SBS Jun 16, 2026 1:49 PM

Pension Cuts to Be Eased: Monthly Income Threshold Raised to 5.19 Million Won Starting Tomorrow Starting tomorrow, the monthly income threshold for reducing old-age pension benefits will be raised from 3.19 million won to 5.19 million won, meaning those whose income does not exceed this new limit will not face pension cuts. SBS Jun 16, 2026 12:08 PM

Fuel Surcharges for July Tickets to Drop by 20%; Round-Trip to New York Down by 215,000 Won According to the aviation industry, the 19th tier of fuel surcharges will be applied to international flight tickets issued next month. SBS Jun 16, 2026 11:27 AM

Government Holds Interagency Meeting Over U.S. Section 301 Tariff Plans As the Donald Trump administration in the U.S. prepares alternative measures to impose tariffs under Section 301 of the Trade Act ahead of the expiration of global tariffs, the South Korean government has held an interagency meeting to discuss response strategies. SBS Jun 16, 2026 11:27 AM

Ministry of Trade, Industry and Energy Discusses Strengthening Industrial Security with Machinery, Battery, and Automotive Sectors Amid the rapidly changing global security landscape, the government has discussed measures to strengthen industrial security with the domestic machinery, battery, and automotive industries. SBS Jun 16, 2026 11:20 AM

Fuel Surcharges for July Tickets to Drop by Over 20%; Round-trip to New York Down by 215,000 Won Fuel surcharges on international flights issued in July will drop by more than 20% due to the decline in global oil prices. SBS Jun 16, 2026 11:20 AM

National Housing Sales Sentiment Enters 'Rising' Phase in May, Led by Seoul and Gyeonggi Amid the continued rise in housing prices in parts of Seoul and Gyeonggi Province, housing sales sentiment was found to have increased last month. SBS Jun 16, 2026 11:19 AM

Government Eases Spatial Data Regulations to Facilitate AI and Autonomous Driving Development The Ministry of Land, Infrastructure and Transport announced that it will pre-announce the partial amendment to the Enforcement Decree of the National Spatial Data Act until July 27 to rationally improve spatial data security regulations. SBS Jun 16, 2026 11:19 AM

Polarized Outlook for Housing Business: Improvement in Seoul, Deterioration in Provinces The outlook for the housing business in the Seoul metropolitan area has improved due to rising home prices and expectations of a recovery in transaction volume, while the outlook for provincial areas has worsened due to concerns over the accumulation of unsold housing units. SBS Jun 16, 2026 11:18 AM

Fair Trade Commission to Notify Complainants Immediately When Cases Are Referred for Deliberation Moving forward, the Korea Fair Trade Commission will accelerate the speed of procedural notifications to complainants and provide them with opportunities to voice their opinions. SBS Jun 16, 2026 10:28 AM