SBS News

Hyundai Motor Group to Invest 42 Trillion Won Over 10 Years to Build Advanced Industrial Hub in Yeongnam Region Hyundai Motor Group has announced plans to invest a total of 42 trillion won over the next 10 years, starting this year, to transform the Yeongnam region into the group's global hub for advanced industries. SBS Jul 3, 2026 4:43 PM

Samsung to Invest 60 Trillion Won to Develop Yeongnam as a Hub for Manufacturing AI Roh Tae-moon, President and Head of the DX Division at Samsung Electronics, announced that the company plans to invest approximately 60 trillion won to foster the Yeongnam region as a leader in manufacturing AI, integrating AI transformation and robotics into key industries. SBS Jul 3, 2026 4:37 PM

Homeplus Faces Potential Bankruptcy as Court Terminates Rehabilitation Process The Seoul Bankruptcy Court announced today, July 3, that it has decided to terminate the rehabilitation process for the struggling retailer Homeplus. SBS Jul 3, 2026 4:28 PM

SK to Invest 140 Trillion Won in Yeongnam, Aiming to Build 'Asia's Largest AI Hub' SK has unveiled a vision to invest 140 trillion won, making the Yeongnam region the starting point for building the largest artificial intelligence infrastructure hub in Asia. SBS Jul 3, 2026 4:23 PM

KOSPI Rebounds Sharply to Reclaim 8,000 Level After One-Day Plunge The KOSPI rebounded sharply today, reclaiming the 8,000 level just one day after a significant plunge. SBS Jul 3, 2026 4:16 PM

Global Memory Market Reaches 350 Trillion Won in Q2; Growth Expected to Slow in Second Half of Next Year According to market research firm Counterpoint Research on July 3, the memory market in the second quarter is expected to reach 350 trillion won, an increase of more than 60 percent from the previous quarter and 380 percent compared to last year. SBS Jul 3, 2026 4:15 PM

Young Entrepreneurs Find Success by Targeting Closing-Time Deals ○ Turning Everyday Inconveniences into Business Opportunities Amid Economic Downturn Some young entrepreneurs came up with a business idea after watching local bakery owners struggle to leave work due to unsold inventory. SBS Jul 3, 2026 4:00 PM

Hanwha to Invest 55 Trillion Won in Space and AI to Build Aerospace Ecosystem Hanwha will invest a total of 55 trillion won by 2040 in the aerospace and artificial intelligence industries to build an integrated space infrastructure that encompasses independent launch vehicles, satellite networks, and defense AI. SBS Jul 3, 2026 3:41 PM

Court Decides to Terminate Homeplus Rehabilitation Process The 4th Bankruptcy Division of the Seoul Rehabilitation Court decided today to terminate the corporate rehabilitation process, or court receivership, for Homeplus. SBS Jul 3, 2026 3:30 PM

Homeplus Apologizes After Court Discontinues Rehabilitation Process, Vows to Minimize Damage Homeplus issued a statement today regarding the Seoul Bankruptcy Court's decision to discontinue its rehabilitation plan, stating, "We offer our sincere apologies to all stakeholders, including our customers, employees, tenants, and partner companies." In the statement released this afternoon, Homeplus said, "We will actively cooperate with the upcoming legal procedures and strive to minimize the damage to our stakeholders, including creditors and employees." The company also disclosed that MBK Partners has accepted the condition of joint and several guarantees from the company and MBK Chairman Kim Byung-ju, which was a requirement set by Meritz Financial Group when it agreed to provide 100 billion won in emergency operating funds out of the 200 billion won needed to execute the rehabilitation plan. SBS Jul 3, 2026 3:19 PM