SBS News

Korean Retail Investors Go on SpaceX 'Buying Frenzy,' Netting 1.2 Trillion Won on Listing Day South Korean retail investors investing in the U.S. stock market, colloquially known as "Seohak Ants" , bought more than 1 trillion won worth of shares in space exploration company SpaceX on its listing day, data showed. SBS Jun 17, 2026 8:53 AM

"Debt 37 Times Greater Than Equity": JTBC Faced Severe Financial Crisis As key affiliates of the JoongAng Group, including JTBC, have filed for court receivership due to a liquidity crisis, financial authorities are investigating whether corporate bonds and electronic short-term bonds issued by JTBC were sold through incomplete sales practices. SBS Jun 17, 2026 8:29 AM

U.S. Markets Close Mixed Despite News of War-Ending Agreement Here is the latest from the New York stock market. The three major U.S. stock indices closed mixed. SBS Jun 17, 2026 8:03 AM

"Cafeteria and Laundry Workers Must Also Have Direct Bargaining Rights"... Concerns Over Potential Delays Today, June 17, marks the 100th day since the implementation of the "Yellow Envelope Act," which allows subcontracted union workers to negotiate directly with prime contractors. SBS Jun 17, 2026 7:56 AM

Global Oil Prices Drop, But When Will Gas Station Prices Follow? Overnight, international oil prices fell into the $70 range. This is the first time since early March, immediately after the start of the war between Iran and the U.S. SBS Jun 17, 2026 7:25 AM

Department Stores Thrive While Supermarkets Struggle: Widening Consumption Polarization As the number of tourists visiting Korea increases and the stock market remains bullish, domestic department stores have seen a significant surge in sales. SBS Jun 17, 2026 7:09 AM

Government and Industry Join Forces to Combat 'Fake K-Beauty' Products The Ministry of Food and Drug Safety announced on June 16 that it signed a memorandum of understanding with the Korean Intellectual Property Office , the Korea Customs Service, and the Korea Cosmetic Association at the Intellectual Property Center in Gangnam-gu to combat counterfeit cosmetics. SBS Jun 17, 2026 5:13 AM

"Direct Bargaining for Cafeteria and Laundry Workers": Will It Delay Negotiations? It has been 100 days since the implementation of the so-called "Yellow Envelope Act," which allows subcontracted union workers to bargain directly with the prime contractor. SBS Jun 17, 2026 1:20 AM

Department Stores Thrive While Supermarkets Struggle: Widening Polarization in Consumption Driven by a surge in foreign tourists and a booming stock market, department stores in Korea are recording historic sales. SBS Jun 17, 2026 1:19 AM