SBS News

Samsung Electronics Posts Record Q2 Operating Profit of 89 Trillion Won, Surpassing Nvidia and Apple Samsung Electronics has reported preliminary figures for the second quarter of this year, with revenue reaching 171 trillion won and an operating profit of 89.4 trillion won, setting a new all-time record. SBS Jul 7, 2026 10:13 AM

"Livelihoods of 100,000 at Risk"... No. 2 Retailer Faces Unprecedented Crisis of Liquidation ⚡ SBS Premium Key Summary Ultimatum: The Seoul Bankruptcy Court decided to terminate Homeplus's corporate rehabilitation proceedings due to its failure to raise the minimum operating funds of 200 billion won, giving the retailer a 14-day window to file an immediate appeal. SBS Jul 7, 2026 10:09 AM

KOSPI Plummets Over 4% to 7,700 Range; Samsung Electronics Falls 6% Despite Q2 Earnings On the 7th, the KOSPI fell more than 3%, giving up the 8,000 level and sliding into the 7,700 range. SBS Jul 7, 2026 10:06 AM

Koo Yoon-cheol: "Real Estate Tax Reform to be Announced in Late July; Must Balance Holding and Transaction Taxes" ▲ Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol deliv… SBS Jul 7, 2026 9:52 AM

KOSPI Falls Over 2% to 7,800 Range in Early Trading; KOSDAQ Rebounds The KOSPI fell more than 2% in early trading today , sliding to the 7,800 level. SBS Jul 7, 2026 9:52 AM

South Korea Loses Canada Submarine Bid Despite All-Out Efforts, Hindered by NATO Ties According to industry sources on July 7, Hanwha Ocean had been evaluated as being on par with Germany's ThyssenKrupp Marine Systems —the company selected as the preferred bidder—in terms of technical capabilities. SBS Jul 7, 2026 9:49 AM

Hanwha Ocean Vows to Find Path for K-Defense Growth Following Submarine Bid Failure In a statement released today , Hanwha Ocean said, "We did our best to win the bid for Canada's next-generation submarine project, but we did not achieve the results we had hoped for." The company added, "Despite our utmost efforts, backed by full government support, the superior performance of our submarines, and the Republic of Korea Navy's successful operational experience, we were unable to overcome the barrier of NATO alliances. SBS Jul 7, 2026 9:48 AM

New Regulations Require Shareholder Approval for Subsidiary IPOs to Curb 'Korea Discount' Joining us for Tuesday's Friendly Economy is reporter Han Jiyeon. Han, I hear the requirements for initial public offerings are becoming stricter? Yes, from now on, if a subsidiary created through a physical division intends to pursue a dual listing, it must obtain approval from the parent company's shareholders. SBS Jul 7, 2026 9:11 AM

Samsung Electronics' Quarterly Operating Profit Hits 106 Trillion Won, Surpassing Three Years of Earnings This means the company earned more in a single quarter than its combined operating profit over the past three years. SBS Jul 7, 2026 9:04 AM

Samsung Electronics Posts Record Q2 Operating Profit of 89.4 Trillion Won, Surpassing Big Tech Milestones Despite the impact of nearly 20 trillion won in performance bonuses, the company recorded an operating profit in this quarter alone that is more than double its total for the entire previous year. SBS Jul 7, 2026 9:01 AM