SBS News

Penalties for Unfair Practices in Subcontracting and Franchising Toughened... Up to 100% Surcharge for Repeat Violations The FTC announced today that it is implementing revised notices on surcharges for acts including the Fair Subcontract Transactions Act, the Fairness in Franchise Transactions Act, and the Fairness in Agency Transactions Act. SBS Aug 4, 2026 10:15 AM

FTC Removes 10 Million Won Cap on Rewards for Reporting Illegal Direct Sales The Fair Trade Commission announced that it has drafted an amendment to the Enforcement Decree of the Act on Door-to-Door Sales, etc., containing these measures, and will hold a legislative notice until September 14. SBS Aug 4, 2026 10:11 AM

Moody's Upgrades SK Hynix Credit Rating to A Tier Global credit rating agency Moody's has upgraded SK Hynix's credit rating to the A tier for the first time, reflecting improved earnings and cash generation driven by the artificial intelligence memory boom. SBS Aug 4, 2026 10:10 AM

Unclaimed Hospital Cost Refunds Reach 38.0 Billion Won Due to Lack of Awareness It is Tuesday, and we have reporter Han Jiyeon with us for "Friendly Economy." Han, what do you have for us today, August 4? There is a system called the out-of-pocket maximum for medical expenses, which refunds the excess amount if you pay a lot for hospital bills. SBS Aug 4, 2026 10:09 AM

KOSPI Opens Higher Before Turning Mixed; KOSDAQ Gains 3% to 4% The KOSPI opened higher on the 4th, bolstered by the strength of the U.S. stock market overnight, but has since turned mixed, briefly dipping into negative territory. SBS Aug 4, 2026 9:55 AM

BOK: August Inflation Projected to Exceed July Due to Base Effect of Telecom Discount ▲ Lee Ji-ho, Assistant Governor of the Bank of Korea The Bank of Korea stated t… SBS Aug 4, 2026 9:47 AM

July Inflation Falls to 2% Range in 3 Months on Slowing Oil and Agricultural Prices This is because the upward trend in petroleum prices, which had surged due to the Middle East conflict, slowed down following the implementation of a ceiling price system. SBS Aug 4, 2026 9:21 AM

July Inflation Slows to 2.8% Amid Moderate Petroleum Price Rise This slowdown was driven by a moderated upward trend in petroleum prices, which had previously surged due to the impact of the Middle East war. SBS Aug 4, 2026 9:19 AM

Phone Prices Rivaling Refrigerators... The Shocking Reason They Hit the 3-Million-Won Mark [Subuk] ⚡ Subuk Key Takeaways First Mass-Produced Phone to Exceed 3 Million Won: The top-tier 1TB specification of Samsung Electronics' new foldable smartphone lineup, the Galaxy Z Fold 8, has surpassed 3 million won, ushering in the era of mass-produced smartphones priced in the 3-million-won range, rather than a limited edition. SBS Aug 4, 2026 9:02 AM

Wall Street Hits Record Highs Led by Tech Giants and Easing Middle East Tensions Major U.S. stock indices all closed higher. The Dow Jones Industrial Average closed at a record high, the Nasdaq surged over 2%, and the S&P 500 surpassed the 7,600 mark. SBS Aug 4, 2026 7:51 AM