SBS News

Vice Minister of Land, Infrastructure and Transport: "Plan to Break Ground on 62,000 Public Housing Units in Seoul Metropolitan Area This Year Remains on Track" Kim presided over the '2nd Task Force Meeting on 2026 Public Housing Supply' held today at the joint housing supply task force conference room of the Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation to review the status of public housing supply. SBS Jun 24, 2026 5:12 PM

Financial Authorities Bring 'Extreme Volatility' Upon Themselves: What to Do with the 'Monster's Tail'? What Are the Negative Factors That Caused a Historic Stock Market Crash? The Kospi, which had been celebrating after breaking through the 9,100 mark, plummeted by nearly 10% in a single day yesterday. SBS Jun 24, 2026 5:05 PM

Won Closes at 1,540 Level Against Dollar for First Time Since Financial Crisis The won/dollar exchange rate closed at the 1,540-won level for the first time since the global financial crisis, driven by the strengthening U.S. SBS Jun 24, 2026 4:16 PM

Homeplus Urges Government Intervention After Meritz Refuses 200 Billion Won Loan ▲ Homeplus Homeplus and the Homeplus General Labor Union urged the government to… SBS Jun 24, 2026 4:04 PM

Samsung Electronics Surges 10%, Reclaims Top Market Cap Spot in Two Days On the KOSPI market today, Samsung Electronics closed at 340,500 won, a sharp increase of 9.84% from the previous trading day. SBS Jun 24, 2026 4:04 PM

KOSPI Rebounds Over 3% to Reclaim 8,400 Level After Previous Day's Plunge The KOSPI has recovered to the 8,400 level, shaking off the sharp decline from the previous day. SBS Jun 24, 2026 3:51 PM

Lee Sang-il: "Samsung Electronics Confirms Plans for Yongin Semiconductor Fab Will Proceed as Scheduled" Yongin Mayor Lee Sang-il stated today that he has received confirmation that "there will be absolutely no relocation of any of Samsung Electronics' semiconductor production lines currently being pursued within the Advanced System Semiconductor National Industrial Complex in Idong and Namsa-eup to other regions," in response to reports regarding potential large-scale semiconductor investments by Samsung Electronics and SK Hynix in regions such as Honam and Chungcheong. SBS Jun 24, 2026 3:50 PM

KCTU: 'One Year of Lee Jae-myung Administration Shows Legislative Progress but Avoids Structural Reform' ▲ Yang Kyung-soo, Chairman of the Korean Confederation of Trade Unions , speaks … SBS Jun 24, 2026 3:40 PM

Morgan Stanley: KOSPI Plunge Is a 'Temporary Breather,' Bull Case Targets 10,500 According to the financial investment industry on Wednesday , Morgan Stanley stated in a report released the previous day that "the KOSPI fell 10% on June 23, led by semiconductor firms and AI-related stocks," attributing the decline to "various factors, including weakness in Micron and unfavorable policy-related comments." The report noted, "In particular, the KOSPI underperformed comparable markets like the TOPIX (Tokyo Stock Price Index) and the TAIEX (Taiwan Capitalization Weighted Stock Index) due to its high exposure to memory semiconductors and the impact of policy-related news." It identified "accumulated fatigue from a prolonged rally" as the primary reason for the Korean market's particularly steep decline. SBS Jun 24, 2026 2:50 PM

New K-Semiconductor Hubs Planned for Honam and Chungcheong; Hundreds of Trillions of Won in Investments to Be Announced Next Week The new clusters, involving investments of hundreds of trillions of won in the Honam and Chungcheong regions, are being discussed as a comprehensive semiconductor ecosystem that covers not only back-end processes but also front-end processes. SBS Jun 24, 2026 2:45 PM