SBS News

KOSPI Plummets Amid Renewed Concerns Over Semiconductor Demand Following Meta News Shares of Samsung Electronics and SK Hynix plunged today due to concerns over shrinking semiconductor demand sparked by Meta, leading to a significant drop in the KOSPI. SBS Jul 2, 2026 10:33 AM

Samsung, SK Hynix, and Celltrion to Invest 392 Trillion Won in Advanced Industries in Chungcheong Region The government announced the "Chungcheong Region Next-Generation Advanced Industry Promotion Strategy" and decided to support the companies' large-scale investments by launching a comprehensive policy package. SBS Jul 2, 2026 10:30 AM

Financial Holding Companies and IBK Projected to Post 8.3 Trillion Won in Q2 Net Profit, Up 2.7% YoY The combined net profit of nine domestic financial holding companies and the Industrial Bank of Korea for the second quarter of this year is projected to reach 8.3307 trillion won, a 2.7% increase compared to the same period last year. SBS Jul 2, 2026 10:30 AM

Consumer Prices Rise 3.2% in June, Marking Largest Increase in 30 Months Due to Surging Oil Prices Consumer prices rose 3.2% last month compared to a year ago, marking the largest increase since December 2023. SBS Jul 2, 2026 10:29 AM

KOSPI Plummets Over 5% Below 8,000 Mark Amid U.S. Tech Stock Shock The KOSPI fell sharply on July 2, dropping below the 8,000 mark following a downturn in U.S. SBS Jul 2, 2026 10:17 AM

Sidecar Triggered as KOSPI Plummets in Early Trading The KOSPI triggered a sidecar, a temporary suspension of program sell orders, as it plummeted in early trading today . SBS Jul 2, 2026 10:17 AM

Consumer Prices Jump 3.2% in June Amid Soaring Oil Costs Consumer prices rose at their fastest pace in two and a half years last month. The surge was driven by a sharp increase in petroleum prices, which saw their largest jump in nearly four years due to the impact of the Middle East conflict on global oil prices. SBS Jul 2, 2026 10:05 AM

Bank of Korea: "July Inflation Expected to Ease Compared to June Due to Lower Global Oil Prices" Lee Ji-ho, Assistant Governor of the BOK, held a meeting to assess the inflation situation at the bank this morning and said, "The consumer inflation rate in June saw a larger increase compared to May, as petroleum prices continued to rise sharply and the prices of agricultural, livestock, and fishery products also saw greater growth." Assistant Governor Lee particularly pointed out, "The cost-of-living inflation rate continues to remain high in the mid-3 percent range, placing a significant burden on the living expenses of vulnerable groups." He continued, "The consumer inflation rate is expected to remain at a high level for the time being, as the downward pressure from falling global oil prices is offset by increased demand pressure resulting from economic improvement." He added, "Core inflation will continue to show a high growth rate due to the pass-through of cost shocks and increased demand pressure," and noted, "We will continue to monitor the inflation situation with vigilance." Statistics Korea announced on the same day that the consumer price index for June rose by 3.2 percent compared to a year ago. SBS Jul 2, 2026 10:05 AM

Hanwha Ocean Selected as Preferred Bidder for KDDX Lead Ship Project; Final Contract Expected Next Month Hanwha Ocean stated that the contract amount and duration will be finalized following negotiations between the involved parties. SBS Jul 2, 2026 9:49 AM

Friendly Economy: SK Hynix Nears Nasdaq Listing—What to Watch Joining us for Friendly Economy this Thursday is reporter Han Jiyeon. Han, it looks like SK Hynix could be listed on the Nasdaq as early as next week, right? The company is aiming for a listing on July 10. SBS Jul 2, 2026 9:21 AM