SBS News

Samsung Electronics Surpasses Nvidia in Quarterly Profit, Yet Shares Plummet: Investors Baffled Despite Samsung Electronics setting a new record for what is effectively the highest quarterly operating profit among global companies, both the KOSPI and Samsung Electronics shares are seeing a downward trend today. SBS Jul 7, 2026 11:14 AM

LG Electronics Reports Q2 Operating Profit of 1.5788 Trillion Won, Up 146.9% Year-on-Year ▲ LG Electronics Headquarters LG Electronics announced on Tuesday that its prel… SBS Jul 7, 2026 11:06 AM

KOSPI Plunges, Triggers 'Sell Sidecar' as Index Drops Over 5% to 7,500 Range The KOSPI experienced a sharp decline during morning trading on July 7, triggering a sidecar, which temporarily halts program sell orders. SBS Jul 7, 2026 11:04 AM

LG Electronics Reports Q2 Operating Profit of 1.5788 Trillion Won, Up 146.9% Year-on-Year ▲ LG Electronics Yeouido Twin Towers LG Electronics, a company listed on the KOS… SBS Jul 7, 2026 11:02 AM

KOSPI Plunges, Triggering 'Sell-Sidecar' as Index Falls Over 5% to 7,500 Level The KOSPI experienced a sharp decline during morning trading today , triggering a temporary suspension of program sell orders, known as a sidecar. SBS Jul 7, 2026 11:00 AM

Lotte E&C Successfully Issues Additional 300 Billion Won in ABS Backed by Construction Receivables Lotte E&C announced that it issued 300 billion won in ABS with an AAA credit rating, utilizing construction receivables from residential project sites nearing completion and construction projects for group affiliates. SBS Jul 7, 2026 10:59 AM

HMM Launches New Container Service Connecting Spain and West Africa The MA2 service is the first route under the company's "Hub & Spoke" strategy, serving as a feeder network for European and African shipping lanes. SBS Jul 7, 2026 10:52 AM

Hyundai Motor Group Ranks 7th in Global EV Sales Through May, Up 24% Year-on-Year According to market research firm SNE Research, the number of EVs (including plug-in hybrid electric vehicles) delivered by Hyundai Motor and Kia from January to May of this year reached 303,000 units, a 24.3% increase compared to the same period last year. SBS Jul 7, 2026 10:47 AM

Top 10% of Taxpayers Paid 87% of Comprehensive Real Estate Tax Last Year Data shows that the top 10% of taxpayers accounted for 87% of the Comprehensive Real Estate Tax paid last year. SBS Jul 7, 2026 10:34 AM

Global Investment Banks Raise South Korea's Growth Forecast to 3% for the First Time Major global investment banks have raised their average growth forecast for the South Korean economy this year to 3% for the first time. SBS Jul 7, 2026 10:32 AM