SBS News

Started a War at Will, Now Handing a $300 Billion 'Bill' to Allies Including South Korea [Subtitle News] As the United States and Iran sign a memorandum of understanding to end the war, a fierce controversy is erupting over the so-called "Iran Reconstruction Fund," reportedly worth $300 billion (approximately 450 trillion won). SBS Jun 17, 2026 5:14 PM

NYT: AI Boom Shifts Tech Hegemony to South Korea and Taiwan, Leaving China Behind The artificial intelligence frenzy is revitalizing semiconductor companies, leading to an analysis that tech hegemony is shifting toward Asia, with South Korea and Taiwan at the center. SBS Jun 17, 2026 4:52 PM

Where Are the '150 Trillion Won in Frozen Iranian Assets'? Estimated 10 Trillion Won Held in South Korea It is reported that Iran intends to make the release of these frozen assets a key demand to the U.S. SBS Jun 17, 2026 4:52 PM

Draft US-Iran MOU to End War Guarantees $300 Billion in Reconstruction Funds Below is the full text of the 14 articles published by Bloomberg. Article 1 Iran, the United States, and their respective allied forces declare an immediate and permanent end to the war on all fronts, including Lebanon, upon the signing of the MOU, and promise not to commit any hostile acts against each other and to refrain from the use or threat of force in the future. SBS Jun 17, 2026 4:47 PM

U.S. Considers 'Paid Naval Escort Service' as Hormuz Strait Traffic Remains Sluggish Navy escorts for ships passing through the Strait of Hormuz, according to a report by the U.S. SBS Jun 17, 2026 4:22 PM

Draft US-Iran Ceasefire MOU Revealed: "Lifting Maritime Blockade and Allowing Oil Exports" Bloomberg reported that it had obtained the 14-article draft MOU, stating that the two countries plan to pursue negotiations to establish a permanent end to the war and implement new restrictions on Iran's nuclear program. SBS Jun 17, 2026 4:08 PM

U.S. Court Orders $19 Million in Frozen North Korean Funds to Be Paid to Otto Warmbier's Family court has ruled in favor of the family of the late Otto Warmbier, who died after being detained in North Korea, in their lawsuit seeking the release of frozen funds linked to the North Korean regime. SBS Jun 17, 2026 1:51 PM

'The Big Short' Investor Michael Burry Says He Abandoned Bet Against SpaceX Due to High Option Costs In a newsletter sent to clients on June 16 , Burry stated, "I am not involved with SpaceX. SBS Jun 17, 2026 1:42 PM

Beyond Rare Earths: China Tightens Control Over Solar Manufacturing Equipment According to a report by The Washington Post on June 16 , China has been gradually increasing the number of items subject to control even after securing a "trade truce" last year by countering the Trump administration's tariff policies with export restrictions on rare earths and critical minerals. SBS Jun 17, 2026 1:41 PM

FBI Says It Thwarted Plot to Attack UFC Event at White House; Multiple Suspects Detained The U.S. Federal Bureau of Investigation announced that it had thwarted a plot to attack a UFC event held at the White House on the afternoon of June 14 . SBS Jun 17, 2026 12:46 PM