SBS News

"Stop Harassing Hong Myung-bo": Unexpected Sympathy Emerges As fierce criticism pours in from the domestic public against former national football team head coach Hong Myung-bo, who voluntarily resigned following the team's elimination from the 2026 North and Central America World Cup group stage, unexpected sympathy is emerging from Japan, drawing attention. SBS Jun 30, 2026 2:46 PM

Currencies in Indonesia, Thailand, and Philippines Plummet; Southeast Asia Struggles to Defend Exchange Rates dollar. However, experts predict that it is unlikely to escalate into a region-wide economic deterioration similar to the 1997 Asian financial crisis. SBS Jun 30, 2026 2:46 PM

Banks Wary of Trump's Iran Sanctions Relief, Fearing 13 Trillion Won 'Penalty Bomb' Although the Trump administration has taken a surprise step to ease decades-old sanctions on Iran, allowing crude oil sales and dollar-denominated transactions, global banks are showing reluctance to engage in related deals. SBS Jun 30, 2026 2:40 PM

Volkswagen Sells Marine Engine Unit, Yet Faces Massive 100,000-Job Cut Plan On June 25, Volkswagen announced that it had secured 7.4 billion euros from the sale of a majority stake to U.S. SBS Jun 30, 2026 2:17 PM

Companies Turn to Low-Cost Chinese AI Models Amid Skyrocketing Costs Reuters reported on June 29 that companies, which had been encouraged to adopt AI tools to boost productivity, are now facing massive bills and are turning to cheaper alternatives, including Chinese AI models, after internal deliberations. SBS Jun 30, 2026 2:17 PM

China Begins 105th Anniversary Celebrations of Communist Party... "Xi Jinping to Deliver Key Speech Tomorrow" With President Xi Jinping scheduled to deliver a "key speech" at a commemorative ceremony on July 1, the top leadership attended a commemorative concert yesterday, highlighting the party's history and the legitimacy of its rule. SBS Jun 30, 2026 2:16 PM

Buffett Pauses Donations to Gates Foundation After 20 Years, Awaiting Epstein Probe Results It is reported that Buffett will decide whether to resume his contributions after reviewing the results of an internal investigation currently being conducted by the Gates Foundation into its ties with the late sex offender Jeffrey Epstein, who died in 2019. SBS Jun 30, 2026 2:00 PM

Kurt Campbell: China Is the Winner of U.S.-Iran Conflict, Asia to Face Deepening Instability Deputy Secretary of State Kurt Campbell Former U.S. Deputy Secretary of State Kurt Campbell has expressed his view that China is the winner of the conflict between the United States and Iran, warning that prolonged inflation and a power vacuum left by the U.S. SBS Jun 30, 2026 2:00 PM

China's June Manufacturing PMI Hits 50.3, Returning to Expansion on AI Export Boom The National Bureau of Statistics of China announced today that the manufacturing Purchasing Managers' Index for June stood at 50.3. SBS Jun 30, 2026 1:57 PM

Guo Wengui, Exiled Tycoon Who Exposed CCP Corruption, Sentenced to 30 Years in US for Financial Fraud Guo Wengui, a real estate tycoon who fled to the United States after exposing corruption within the Chinese Communist Party leadership, has been sentenced to a lengthy prison term for a financial fraud scheme worth over 1 trillion won. SBS Jun 30, 2026 1:47 PM