SBS News

Court Decides to Terminate Homeplus Rehabilitation Proceedings The 4th Bankruptcy Division of the Seoul Bankruptcy Court issued the decision to terminate the corporate rehabilitation proceedings for Homeplus today. SBS Jul 3, 2026 11:43 AM

Starbucks Korea Sees Payment Volume Drop by Over 20 Billion Won; App Users Plummet by 1.13 Million Estimated credit and debit card payments at Starbucks in June have dropped by more than 20 billion won compared to the previous month. SBS Jul 3, 2026 11:41 AM

Tesla Accounts for 3 Out of 10 Imported Cars in First Half, Growing 192% Year-on-Year According to data from the Korea Automobile Importers & Distributors Association on July 3, the cumulative number of new imported passenger car registrations from January to June was 184,032, a 33.2 percent increase from 138,120 during the same period last year. SBS Jul 3, 2026 11:28 AM

MBK Partners to Seek Legal Recourse Following 'Heavy Sanctions' in Homeplus Case In a statement released today , MBK said, "We have faithfully explained that the issues raised, particularly the change in terms for Homeplus redeemable convertible preference shares , were reasonable management decisions aimed at protecting investor interests by improving Homeplus's financial structure and preserving corporate value at the time." The firm added, "The RCPS invested in by the National Pension Service and the Homeplus RCPS with the modified terms are different securities. SBS Jul 3, 2026 11:15 AM

The 'Blue Gem' in Yeongwol Spotlighted by NYT: Is a 'K-Mine' to Counter China Owned by the U.S.? Media outlets in the United States and Japan have identified the Sangdong Mine in Yeongwol, Gangwon Province, as a potential major supplier of tungsten, a critical mineral for the defense industry. SBS Jul 3, 2026 10:51 AM

Presidential Office: "Southwest Region Has Sufficient Renewable Energy, Capacity Can Be Expanded" Kim Woo-chang, Presidential Secretary for National AI Policy, refuted concerns today that the government's recently announced semiconductor cluster investment project in the Honam region might face insufficient power supply, stating, "The southwest region already has plenty of renewable energy, and it can be further expanded." Appearing on KBS Radio's "Jeon-gyeok Sisa" today, Secretary Kim said, "Domestically, major power generation hubs include nuclear power plants in the southwest or the Busan-Ulsan-Gyeongnam region, as well as the Gangwon region. SBS Jul 3, 2026 10:47 AM

Gyeonggi Province Tax Revenue Up 180 Billion Won Through May, Yet Falls Short of Target However, as the revenue has failed to meet the annual collection target, the province is expected to continue facing financial difficulties. SBS Jul 3, 2026 10:39 AM

Fines of 5 Million Won for Platforms Listing Unregistered Accommodations Starting in November Starting this November, online platforms that facilitate bookings for unregistered accommodation businesses will face a fine of 5 million won. SBS Jul 3, 2026 10:28 AM

Cumulative Subscribers for Youth Future Savings Account Surpass 2 Million; Applications Close Today, July 3 Applications for the Youth Future Savings Account close today, July 3. Individuals aged 19 to 34 can apply today, regardless of their birth year. SBS Jul 3, 2026 10:27 AM

KOSPI Falls Back as Foreign Investors Continue Selling, Retreats to 7,400 Level The KOSPI fell in early trading and retreated to the 7,400 level as foreign investors continued their selling streak for the 11th consecutive trading day. SBS Jul 3, 2026 10:09 AM