SBS News

'1,200% Rule' to Apply to GAs Starting July; Large GAs Must Disclose Sales Commissions The '1,200% rule,' which limits the payment of first-year recruitment commissions, will be expanded to include insurance planners affiliated with General Agencies starting in July. SBS Jun 30, 2026 1:59 PM

Service Sector Job Creation Effect Drops 26% Over Decade Due to Online Shopping and Other Factors According to the 2010-2015-2020 Linked Input-Output Tables released by the BOK on this day, both the current and constant price employment coefficients and employment inducement coefficients fell between 2010 and 2020, with the service sector showing a particularly rapid decline. SBS Jun 30, 2026 1:59 PM

Financial Authorities to Expand 1-on-1 Debt Counseling for Youth, Increasing Centers Tenfold Financial authorities are set to expand the provision of financial counseling for young people to over 100,000 cases per year. SBS Jun 30, 2026 1:58 PM

Insurance Policy Loan Cancellations to Be Allowed per Transaction; FSS Improves Management System Starting soon, the management system for insurance policy loans will be improved to allow consumers to cancel each loan transaction individually when multiple loans are taken out against the same policy. SBS Jun 30, 2026 1:57 PM

JTBC Granted Autonomous Restructuring Support, Court Postpones Decision on Rehabilitation Proceedings The court has approved JTBC’s application for an autonomous restructuring support program and postponed its decision on whether to commence rehabilitation proceedings. SBS Jun 30, 2026 1:55 PM

Won-Dollar Exchange Rate Surpasses 1,550 Won During Intraday Trading Amid Foreign Selling and Weak Yen The won-dollar exchange rate surpassed 1,550 won during intraday trading as the U.S. SBS Jun 30, 2026 1:45 PM

Ministry of Industry Lowers Crude Oil Crisis Alert to 'Caution' and Lifts Natural Gas Alert The government has decided to lower the resource security crisis alert for crude oil from 'Alert' (the third of four levels) to 'Caution' , reflecting the ceasefire agreement between the United States and Iran and the stabilization of energy supply and demand. SBS Jun 30, 2026 1:45 PM

Public Sector Vehicle Alternate-Day Driving Policy Relaxed to Five-Day Rotation After Government Fails to Comply During a cabinet meeting held today , the government decided to lower the crude oil resource security crisis alert from "Alert" to "Caution" and lift the alert for liquefied natural gas . SBS Jun 30, 2026 1:44 PM

Ministry of Oceans and Fisheries Sets 620,000-Ton Total Allowable Catch Starting July, Expands Species Including Croaker The Total Allowable Catch system sets a limit on the amount of fish that can be caught annually, permitting fishing only within that specified quota. SBS Jun 30, 2026 1:44 PM

970,000 Businesses Closed Last Year, Closing Rate Nears 9% with Average Debt of 85.31 Million Won More than 970,000 businesses, including those in the food and service sectors, closed down last year, with the closure rate reaching 9 percent, according to data. SBS Jun 30, 2026 1:44 PM