SBS News

Excessive Cancellation Fees: Consumer Alert Issued for Vacation Accommodation Platforms The Korea Consumer Agency received 6,224 applications for damage relief related to accommodation contracts between 2023 and 2025. SBS Jun 19, 2026 9:20 PM

Global High-Interest Rate Era Begins: The Real Reason KOSPI Surpassed 9,000 The eyes of the world were on the first FOMC meeting under the "Kevin Warsh Fed." Would he reveal a more accommodative stance that aligns with the "Trump code" from his very first meeting? Would he turn a blind eye to the burden of high oil prices following the Iran war by bringing up the "trimmed mean PCE," arguing that temporary shocks distort inflation? Despite various speculations, the new Chair, Kevin Warsh, emphasized price stability, stating, "Over the past five years, the Fed has not put its full effort into achieving its inflation target." Although interest rates were frozen, his stance was more hawkish than the market had generally anticipated. SBS Jun 19, 2026 6:05 PM

Korean Air Estimates Integration Costs with Asiana to Reach Up to 1 Trillion Won During an investor relations session held today at Korea Investment & Securities in Yeongdeungpo-gu, Seoul, Korean Air stated that an analysis of its Post-Merger Integration strategy projects total integration costs to be between 900 billion and 1 trillion won. SBS Jun 19, 2026 5:27 PM

Ministry of SMEs and Startups Apologizes for Data Breach on 'Startup for All' Platform ▲ Han Seong-sook, Minister of SMEs and Startups and nominee for Prime Minister, … SBS Jun 19, 2026 4:34 PM

KOSPI Dips 0.13%... Barely Holds Above 9,000 Mark On June 19, the KOSPI closed slightly lower due to a recent rapid rally and uncertainties surrounding the implementation of the ceasefire agreement between the United States and Iran. SBS Jun 19, 2026 4:23 PM

Government Recommends Dismissal of Heads of Government Employees Pension Service and KOICA Following 'Very Poor' Performance Ratings In last year's public institution management evaluation, 16 organizations received a rating of "poor" or lower. SBS Jun 19, 2026 3:50 PM

"Insufficient Funds": JoongAng Ilbo Faces Initial Default on 22 Billion Won in Commercial Paper According to the Financial Supervisory Service's Data Analysis, Retrieval and Transfer System on June 19, JoongAng Ilbo stated the previous day, "We have confirmed that we were processed for an initial default on June 18 as we were unable to settle the payment due to insufficient funds, despite the creditor's presentation of the bill for payment on the same day." The defaulted commercial paper is held by Hanyang Securities. SBS Jun 19, 2026 2:45 PM

"Cracking Down on Illegal Financial Information": FSS, BMTC, and BMTSR Strengthen Cooperation The heads of the three agencies—the FSS, the Broadcasting, Media and Telecommunications Commission , and the Broadcasting, Media and Telecommunications Standards Review Commission —signed the "MOU for the Eradication of Illegal Financial Information and the Creation of a Safe Digital Financial Environment" at the Gwacheon Government Complex this morning. SBS Jun 19, 2026 2:41 PM

SpaceX Shares Slip: Investors Back to Break-Even as Market Eyes Next Week's Index Inclusion Shares of SpaceX, the aerospace company led by Elon Musk, have fallen for two consecutive trading days, bringing the average investor's return back to the break-even point. SBS Jun 19, 2026 11:13 AM

Domestic Stock Market Cap Hits 8 Quadrillion Won for First Time; SK Hynix Surpasses 2 Quadrillion Won As the KOSPI continues its upward trend after breaking through the 9,000-point mark, the total market capitalization of the domestic stock market surpassed 8 quadrillion won for the first time in history on June 19. SBS Jun 19, 2026 11:08 AM