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Won Fluctuates as Yen Plummets; Exchange Rate Approaches 1,560 Won The South Korean won is showing a trend of moving in tandem with the Japanese yen, which has fallen to its lowest level in 40 years, pushing the won-dollar exchange rate close to the 1,560 won mark during intraday trading. SBS Jul 1, 2026 4:08 PM
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Financial Authorities Refer 'Whale' Investors to Prosecution for Market Manipulation So-called whale investors who manipulated market prices by linking domestic and international cryptocurrency exchanges have been referred to the prosecution. SBS Jul 1, 2026 4:07 PM
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KOSPI Closes Down Over 2% in 8,300 Range; KOSDAQ Rises The KOSPI fell by more than 2% to close in the 8,300 range. Today, July 1, the KOSPI closed at 8,303.41, down 173.07 points from the previous trading session. SBS Jul 1, 2026 3:43 PM
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Household Loans at Top 5 Banks Rise by 4.1 Trillion Won in June, Largest Increase in 11 Months The balance of household loans at major commercial banks saw its largest increase in 11 months last month. SBS Jul 1, 2026 3:41 PM
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Tesla Korea Raises Prices of Model 3 and Model Y by Up to 7 Million Won electric vehicle manufacturer Tesla raised its domestic sales prices by up to 7 million won today . SBS Jul 1, 2026 3:39 PM
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Hyundai Motor Group Donates $1 Million for Earthquake Relief in Venezuela The relief funds will be delivered through the Korean Red Cross and will be used for local relief efforts and damage recovery. SBS Jul 1, 2026 2:55 PM
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"Blaming Samsung and SK Hynix": Class Action Lawsuit Filed in the U.S. Over Absurd Allegations The three major memory chip manufacturers—Samsung Electronics, SK Hynix, and Micron—are facing a class action lawsuit in the United States. SBS Jul 1, 2026 2:21 PM
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Countdown to Delisting for 'Penny Stocks' and Low Market Cap Firms Begins Today As the KOSDAQ market marks its 30th anniversary today , new delisting criteria for "penny stocks"—shares trading below 1,000 won—have officially taken effect in the domestic stock market. SBS Jul 1, 2026 2:10 PM
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Google Faces Potential 850 Billion Won Fine for Unfair Practices in Gaming Apps Although Google was fined over 40 billion won in 2023 for providing support to game companies on the condition that they did not launch their apps on the competing app market, One Store, the company is facing regulatory action again after just three years. SBS Jul 1, 2026 2:03 PM
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Shared Offices No Longer Eligible for Lending Business Registration; 'Split Loan' Loopholes to Be Blocked The Financial Services Commission announced on Wednesday that it is pre-announcing an amendment to the Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users. SBS Jul 1, 2026 1:58 PM
