SBS News

"Heart Sinks": 12,000 Employees Face Job Loss in State of Shock Some 12,000 Homeplus employees are now facing the risk of losing their jobs. Concerns are mounting that the damage could snowball, affecting small business owners operating within Homeplus stores and various suppliers. SBS Jul 3, 2026 11:04 PM

"A Historic Opportunity for Korea"... New Nuclear Plants and Dams in the Works? Regarding the multi-quadrillion won regional investment plan unveiled by the government and major conglomerates, Kim Yong-beom, Chief of Staff for Policy at the Presidential Office, has raised the topic of expanding power and water supplies. SBS Jul 3, 2026 9:53 PM

KOSPI Rebounds to 8,000 in One Day; 'Leveraged' Products Drive Volatility After a sharp decline yesterday , the KOSPI rebounded strongly today, reclaiming the 8,000 mark in just one day. SBS Jul 3, 2026 9:53 PM

Homeplus Rehabilitation Process Terminated Due to Lack of 200 Billion Won in Operating Funds Homeplus, which once ranked as the second-largest hypermarket chain in the industry, has been pushed to the brink of bankruptcy. SBS Jul 3, 2026 9:53 PM

"Making Yeongnam the World's No. 1 Manufacturing Hub"... 312 Trillion Won Investment Announced Following his visits to the Honam and Chungcheong regions, President Lee Jae-myung held a public briefing in the Yeongnam region today regarding the three major mega-projects. SBS Jul 3, 2026 9:52 PM

Group Caught Distributing Counterfeit Air Purifier Filters at 80-90% of Retail Price; 69,000 Items Smuggled The Incheon Airport Customs of the Korea Customs Service announced today that it has referred the ringleader, identified as A, to the prosecution under arrest for violating the Customs Act and the Trademark Act, and has placed the supplier, identified as B, who is currently staying in China, on a wanted list. SBS Jul 3, 2026 5:42 PM

Nationwide Diesel Prices Drop to 1,800 Won Range; Gasoline Prices Also on the Decline As fuel prices at gas stations across the country continue to fall due to the implementation of the 7th oil price ceiling system and the stabilization of international oil prices, domestic diesel prices have entered the 1,800 won range. SBS Jul 3, 2026 5:40 PM

Woori Bank Reports Leak of Over 17,000 Customer Records; No Misuse Detected So Far In a notice to customers today , Woori Bank stated, "A total of 17,551 personal records, which were being held arbitrarily by an external development firm, were leaked due to negligence by an employee of that firm." The leaked information consists of Connecting Information , which is encrypted data used to identify individuals online, and customer nicknames. SBS Jul 3, 2026 5:21 PM

Meritz: "Regrettable That Homeplus Rehabilitation Plan Was Rejected; MBK Must Fulfill Its Responsibilities as Largest Shareholder" In a statement released on the afternoon of July 3, Meritz said, "Meritz has hoped for Homeplus to normalize through the rehabilitation process, and we have played our role to the fullest extent permitted by law, including deferring the execution of collateral rights, cooperating on the early repayment of commercial claims, and placing 100 billion won in conditional Debtor-in-Possession financing into escrow." As the largest creditor of Homeplus, Meritz had previously announced its intention to provide 100 billion won in DIP financing, which accounts for half of the 200 billion won required for the rehabilitation plan. SBS Jul 3, 2026 5:01 PM

Won-Dollar Exchange Rate Drops Over 30 Won as Dollar Weakens and Yen Rebounds dollar weakened following lower-than-expected U.S. employment data and the Japanese yen rebounded. SBS Jul 3, 2026 4:48 PM