SBS News

Water Accidents Strike Gangwon Beaches Amid Scorching Heat; Three Transported in Cardiac Arrest According to the Coast Guard and fire authorities, at around 2:10 p.m. today, a 17-year-old identified as A and his younger brother, a 14-year-old identified as B, fell into the water at Hwajinpo Beach in Chodo-ri, Hyeonnae-myeon, Goseong-gun, Gangwon Province. SBS Jul 26, 2026 11:15 PM

Amid Stock Market Turmoil, Top 5 Financial Groups Post Record First-Half Net Profit of 13 Trillion Won This summer has seen extreme volatility, with Samsung Electronics and SK Hynix fluctuating by several percent daily and semiconductor leverage products plunging by half. SBS Jul 26, 2026 6:48 PM

NTS Chief: "Gangnam Long-Term Holding Deductions Exceed 20.7 Billion Won… The Ultimate in Regressivity" Commissioner Im posted on X today , stating, "The current long-term holding special deduction is excessively regressive because it provides an unlimited deduction of up to 80 percent of taxable capital gains for 10 years of ownership and residency." He added, "It is a structure where more expensive housing, and thus larger capital gains, receive greater deductions." The long-term holding special deduction is a system intended to ease the capital gains tax burden on properties held for a long time. SBS Jul 26, 2026 4:40 PM

Samsung Chief Lee Jae-yong Meets OpenAI CEO Sam Altman at Headquarters Samsung Electronics Chairman Lee Jae-yong and OpenAI CEO Sam Altman met at OpenAI's headquarters in San Francisco to discuss cooperation in the fields of artificial intelligence and semiconductors. SBS Jul 26, 2026 1:20 PM

FSS: Tax Benefits for RIA Dependent on Settlement Date, Not Sale Date; Domestic Stocks Must Be Held for a Year The Financial Supervisory Service issued consumer warnings today regarding financial investment products, including RIAs and Comprehensive Investment Management Accounts . SBS Jul 26, 2026 1:19 PM

Cooperatives and Companies Fined 870 Million Won for Rigging KEPCO Corrugated Pipe Bids The Korea Fair Trade Commission announced that it has issued corrective orders and imposed a total of 886 million won in fines on 3 cooperatives and 7 businesses for conspiring in advance on winning bidders and allocation ratios for corrugated pipe procurement tenders issued by Korea Electric Power Corporation . SBS Jul 26, 2026 1:18 PM

Hyundai Motor Group Unveils Physical AI Strategy Connecting Factories and Cities in Silicon Valley Hyundai Motor Group is accelerating its physical artificial intelligence strategy by expanding cooperation with the global innovation ecosystem, centered around San Francisco, United States. SBS Jul 26, 2026 12:25 PM

Ministry of SMEs and Startups Holds Silicon Valley Venture Investment Meetup to Support Global Expansion The Ministry of SMEs and Startups announced on the 25th that it hosted the Silicon Valley Venture Investment Meetup in Silicon Valley, San Francisco, U.S. SBS Jul 26, 2026 12:21 PM

Housing Market Becomes 'Needle’s Eye' for Young Adults as Homeownership Rate Among 2030 Generation Falls Below 30% Consequently, the asset gap between young adults and middle-aged or older generations has widened to a record high. SBS Jul 26, 2026 11:53 AM

South Korea Resumes Export of Fresh Poultry Products to Hong Kong Following Quarantine Negotiations Exports of poultry products to Hong Kong had been suspended on a city and county basis due to outbreaks of highly pathogenic avian influenza in South Korea since June of last year. SBS Jul 26, 2026 11:43 AM