SBS News

Masayoshi Son Dismisses Musk's Space Data Center Idea as Having 'No Advantages' According to Bloomberg, Son made these remarks during SoftBank Group’s annual general meeting for its telecommunications unit held today . SBS Jun 23, 2026 4:13 PM

KOSPI Plummets Nearly 10% to Close at 8,203; KOSDAQ Drops 7.9% The KOSPI index closed at the 8,200 level after a sharp decline of nearly 10%. Today , the KOSPI closed at 8,203.84, down 910.71 points from the previous trading session. SBS Jun 23, 2026 4:12 PM

BREAKING: Bankruptcy Court Orders Homeplus to Submit 200 Billion Won Funding Plan by the 30th Bankruptcy Court Orders Homeplus to Submit 200 Billion Won Funding Plan by the 3… SBS Jun 23, 2026 3:33 PM

KOSPI Circuit Breaker Triggered Following Over 8% Plunge; Sidecars Also Activated The KOSPI opened at 9,083.54, down 31.01 points from the previous trading day, while the KOSDAQ index opened at 958.64, down 9.76 points . SBS Jun 23, 2026 3:15 PM

Kim Jung-gwan: 'New Semiconductor Complex Needed... Existing Investments Not Enough' During a background briefing with reporters at the Government Complex Sejong yesterday, June 22, Minister Kim emphasized, "We must make efforts to quickly preempt the rapidly expanding semiconductor market," adding, "Existing plans to invest in semiconductors should be carried out as soon as possible." He continued, "I also wonder if that alone will be enough, and whether a new complex is needed." However, regarding rumors of attracting a factory to the Honam region, he avoided a direct answer, saying, "I will speak on that at an appropriate opportunity." Regarding the growing demands for "bonuses based on N% of operating profit," which recently began in the semiconductor industry, Minister Kim expressed his stance, saying, "Personally, I do not think bonuses should be a subject of labor disputes." "Regarding operating profit, there are not only management and labor unions, but also investors," Minister Kim said. SBS Jun 23, 2026 2:46 PM

Government Subsidies to Expand for Employers Providing Paternity Leave; Noise-Induced Hearing Loss Diagnostic Facilities to Increase Starting next month, the government will provide work-sharing subsidies to employers who grant paternity leave to their employees. SBS Jun 23, 2026 1:57 PM

SpaceX Shares Plunge 16%: Wall Street Warns "The Worst Is Yet to Come" SpaceX shares plummeted more than 16% in a single day on Monday, June 22 . SpaceX, which debuted on the New York Stock Exchange on the 12th following the largest initial public offering in history, closed at $154.60, down 16.4% from the previous trading session. SBS Jun 23, 2026 1:54 PM

Men's Housework Production Surges 35% Over 5 Years, but Women Still Shoulder 73% Over the past five years, the scale of men's unpaid housework production has surged by more than 35 percent. SBS Jun 23, 2026 1:54 PM

28 Out of 30 Local Governments Found Violating Labor Laws; 1,833 Workers on '364-Day Contracts' It has been revealed that 28 out of 30 local governments have violated labor laws in 113 instances, including discriminatory practices regarding allowances for non-regular workers and the use of "split contracts." The Ministry of Employment and Labor announced the results of its "Planned Inspection on Labor Condition Compliance for Non-Regular Workers in Local Governments," which has been conducted since March, today . SBS Jun 23, 2026 1:54 PM

Fair Trade Commission Initiates Sanctions Against 10 Lubricant Manufacturers for 2 Trillion Won Price-Fixing Scheme Ten lubricant manufacturing and sales companies are set to face the Fair Trade Commission over allegations of price-fixing and bid-rigging involving 2.02 trillion won worth of lubricant supplies. SBS Jun 23, 2026 1:48 PM