SBS News

Hyundai Motor Group Acquires 100% Stake in Boston Dynamics to Boost Robotics Competitiveness Hyundai Motor Group announced today that it has exercised its put option (the right to demand the purchase of common shares) for the 9.65% stake in Boston Dynamics held by Japan's SoftBank, in accordance with a contract signed in 2020. SBS Jul 16, 2026 2:20 PM

Apartment Prices in Southern Gyeonggi Semiconductor Belt Remain Strong; Dongtan Rises 0.73% The weekly growth rate of apartment sale prices in Seoul maintained its previous level, continuing a steady upward trend. SBS Jul 16, 2026 2:19 PM

Financial Services Commission Chair Promises Measures Amid Stock Market Volatility, Details Remain Vague As domestic and international criticism mounts, pointing to single-stock leveraged products as a primary cause of recent extreme stock market volatility, Financial Services Commission Chairman Lee Eok-won announced today that supplementary measures will be prepared and announced in the near future. SBS Jul 16, 2026 1:46 PM

Google Korea President Kim Kyoung-hoon: "AI Is Moving Toward a Stage of Sharing Work with Humans" [Biz Insight] From industries to our daily lives, the biggest topic of our time is undoubtedly AI. SBS Jul 16, 2026 1:27 PM

"Comprehensive Real Estate Tax Should Be Based on Value, Not Number of Homes; Tax Credits Should Be Based on Residency" Experts have suggested that the criteria for imposing the Comprehensive Real Estate Tax , which currently centers on the number of homes owned, should be shifted to the value of the properties. SBS Jul 16, 2026 12:25 PM

Bank of Korea Raises Base Rate by 0.25%p Amid Inflation and Growth The Monetary Policy Committee of the Bank of Korea raised the base rate by 0.25 percentage points from 2.50% to 2.75% per annum today to ensure price stability. SBS Jul 16, 2026 12:24 PM

Bank of Korea Shifts to Tightening After 3.5 Years, Raises Key Rate by 0.25%p The Bank of Korea has shifted its policy stance to tightening for the first time in 3 years and 6 months, raising the base interest rate to 2.75% per annum. SBS Jul 16, 2026 12:11 PM

Bank of Korea Governor Says Rate Hike Was Unanimous Decision Bank of Korea Governor Shin Hyun-song held a press conference today, July 16, to explain the decision by the Monetary Policy Board to raise the base interest rate by 0.25 percentage points. SBS Jul 16, 2026 12:02 PM

Bank of Korea Raises Interest Rates After 3 Years and 6 Months... "Prolonged Tightening Could Lead to Housing Price Declines" Many anticipate that the rate hike will act as a negative factor for the housing market, especially as it coincides with the imminent announcement of a tax reform plan that includes increases in property-related taxes, such as the comprehensive real estate holding tax. SBS Jul 16, 2026 11:44 AM

An Era Where Part-Timers Earn More... "Minimum Wage Out of Touch with Reality" The minimum wage for next year has been set at 10,700 KRW per hour. This is an increase of 380 KRW, or 3.7 percent, from this year's minimum wage. SBS Jul 16, 2026 11:35 AM