SBS News

Wall Street Journal Warns Korean Stock Market Could End Like 'Squid Game' The Wall Street Journal has issued a chilling warning regarding the South Korean stock market, suggesting it could end like the hit drama Squid Game. SBS Jul 7, 2026 3:33 PM

KOSPI Plummets Over 8%, Trading Halted by Circuit Breaker Following Sidecar The KOSPI plunged by more than 8% during trading today , triggering a circuit breaker that temporarily halted all stock trading. SBS Jul 7, 2026 2:59 PM

Tax Agency Collects 31.8 Billion Won in Back Taxes from 80 Individuals Over Real Estate Evasion The agency has collected 31.8 billion won in back taxes. For cases where tax evasion was confirmed through fraud or other illicit means, the NTS imposed a 40 percent penalty for unfair underreporting of taxes. SBS Jul 7, 2026 2:20 PM

Corporate Surplus Hits Record High in Q1 on Semiconductor Boom; Households Shift Funds to Stocks Meanwhile, households showed a trend of moving funds from bank deposits into stock investments, a phenomenon known as a money move, while the ratio of household debt to gross domestic product fell to the 85% range. SBS Jul 7, 2026 2:10 PM

Lee Chan-jin: "Excessive Leveraged Investing Risks Severely Damaging Household Financial Health" FSS Governor Lee Chan-jin emphasized this point yesterday while presiding over the 3rd Consumer Risk Response Council at the FSS headquarters in Yeouido, Seoul, where he assessed stock market conditions and the state of consumer protection across the financial sector. SBS Jul 7, 2026 2:06 PM

10.3 Trillion Won in 'Hidden Insurance Money' Unclaimed; 3.2 Trillion Won Refunded Last Year By sector, life insurance companies refunded 3.0457 trillion won , while non-life insurance companies refunded 201.3 billion won . SBS Jul 7, 2026 1:50 PM

Samsung Electronics Posts 89 Trillion Won in Quarterly Operating Profit, Surpassing Three Years of Earnings Samsung Electronics has reported an operating profit of 89 trillion won for the second quarter. SBS Jul 7, 2026 12:03 PM

KOSPI Sees Extreme Volatility with 3-5% Drop, Sidecar Triggered as Index Falls Below 8,000 The KOSPI is experiencing extreme volatility amid a sharp decline. As of 10:53 a.m. SBS Jul 7, 2026 11:23 AM

Korean Air Labor and Management Agree on 2.5% Wage Increase and 2 Million Won Special Bonus Korean Air announced that it held the signing ceremony for the 2026 wage and collective bargaining agreement at its headquarters in Gangseo-gu, Seoul, on July 7, with attendees including Vice Chairman Woo Kee-hong and Labor Union Chairman Cho Young-nam. SBS Jul 7, 2026 11:23 AM

Level 4 Driverless Cars Must Meet 15,000km Testing Requirement and Include Emergency Stop Buttons The Ministry of Land, Infrastructure and Transport announced that it has established guidelines containing safety operation requirements for driverless autonomous vehicles and will distribute them through the Korea Transportation Safety Authority website. SBS Jul 7, 2026 11:22 AM