SBS News

Bank of Korea Raises Base Rate by 0.25%p for First Time in 3.5 Years; Further Hikes Possible The Bank of Korea held a Monetary Policy Committee meeting today and raised the base interest rate to 2.75% per annum. SBS Jul 16, 2026 10:19 AM

Supreme Court Rules POSCO Must Directly Hire Subcontracted Workers, Recognizing Illegal Dispatch ▲ The POSCO flag flying at the POSCO Center in Gangnam-gu, Seoul Supreme Court R… SBS Jul 16, 2026 10:13 AM

Industry Minister: "Semiconductors Are Not Enough... AI, Regional Development, and Ecosystems Are the Keys to Success" People might think that our entire corporate sector is thriving, but that is not the case at all." He further added, "Even for semiconductors, we do not know if this market will continue," noting that "while some say the current semiconductor industry is in a structural boom, it is a historical truth that no industry has a permanent business." Minister Kim warned, "We are currently in a time where the landscape is shifting. SBS Jul 16, 2026 10:11 AM

Bank of Korea Raises Base Rate by 0.25 Percentage Points Amid High 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% today to ensure price stability. SBS Jul 16, 2026 10:07 AM

Seoul Apartment Transactions Decline While Row and Multi-Family Housing Sales Rise from January to May While the volume of apartment sales and jeonse (long-term deposit rental) and monthly rent transactions in Seoul has decreased this year, transactions for row and multi-family housing have increased. SBS Jul 16, 2026 9:48 AM

KOSPI Plunges Over 4% at Open After Previous Day's Surge KOSPI Plunges Over 4% at Open After Previous Day's Surge (Produced by SBS Digita… SBS Jul 16, 2026 9:19 AM

Friendly Economy: Differential Electricity Rates by Time of Day and Its Practical Challenges Joining us for our Thursday segment, Friendly Economy, is reporter Han Jiyeon. Han, there is talk about introducing differential electricity rates based on the time of day, right? Yes, but it seems difficult to implement immediately. SBS Jul 16, 2026 9:19 AM

Financial Services Commission Chairman: "Supplementary Measures for Single-Stock Leveraged Products to Be Announced Soon" Financial Services Commission Chairman Lee Eog-won announced today that the commission will soon prepare and release supplementary measures regarding single-stock leveraged products, which have been identified as a major cause of stock market volatility. SBS Jul 16, 2026 8:55 AM

Bank of Korea Expected to Raise Key Interest Rate as Signaled, Marking Start of Tightening in 3.5 Years In a survey of economic experts, five out of six respondents predicted that the base rate would be raised by 0.25 percentage points from the current 2.50% to 2.75%. SBS Jul 16, 2026 8:36 AM

Energy Cashback Eligibility Eased: Receive Benefits for Saving Just 1% Here is a quick summary of the news you need to know this morning. Let's take a look at the latest updates. SBS Jul 16, 2026 7:49 AM