SBS News

Ministers Clash Over 52-Hour Workweek Exception Opinions among relevant government ministers were divided over the 52-hour workweek exception clause, a key issue in the special act for mega-special zones currently being pursued by the government. SBS Aug 6, 2026 5:00 PM

Samsung, SK Hynix Projected to Reach W375 Trillion in Net Cash by Year-End, Twice Nvidia's Citing consensus estimates compiled by financial data provider LSEG, Reuters reported that the year-end net cash for Samsung Electronics and SK Hynix is expected to reach $164.1 billion (approx. SBS Aug 6, 2026 4:43 PM

KOSPI Plummets 4.6% to Close in 6,200 Range... Reversing to Decline After Three Days The KOSPI plunged by over 4% today , falling back into the 6,200 range. On this day, the KOSPI finished the session down 301.88 points, or 4.58%, at 6,296.38. SBS Aug 6, 2026 4:36 PM

LH Chief Promises Faster Housing Supply, Plans to Use Gangnam Office Site for Development Lee Sung-hoon, president of the Korea Land and Housing Corporation , announced plans to overhaul the corporation's operational framework to accelerate housing supply by significantly expanding the workforce dedicated to compensation procedures and running business processes in parallel. SBS Aug 6, 2026 4:23 PM

"Bit-too" Credit Financing Balance Reaches 28 Trillion Won Range... Increases After 7 Trading Days The credit transaction financing balance, an indicator of "bit-too" (investing with borrowed money), has stopped its downward trend and increased. SBS Aug 6, 2026 4:18 PM

Vice Finance Minister: "Preparing Measures to Expand Actual Residence Obligation Grace Period to Ease Home Sales" ▲ First Vice Minister of Economy and Finance Lee Hyung-il First Vice Minister of… SBS Aug 6, 2026 4:09 PM

Fishery Sector Suffers Mounting Damage from Heatwave, with 450,000 Farmed Fish Dead and 1.05 Billion Won in Losses Damage to the fishery sector is escalating as rising water temperatures driven by extreme heatwaves lead to a series of farmed fish deaths. SBS Aug 6, 2026 3:21 PM

Industry Minister: "We Must Not Block the Will to Work... Working Hours System Under the 52-Hour Workweek Must Be Revised" The stances of relevant cabinet ministers have sharply diverged over the "52-hour workweek exemption" clause, which is one of the key controversial issues in the mega-special zone special act currently being pushed by the government. SBS Aug 6, 2026 3:21 PM

Fitch: Short-term Credit Risks from S. Korean Stock Volatility Limited, Economic Growth 'Favorable' On the 5th local time, Fitch diagnosed that South Korea's solid economic conditions and financial sector-wide safety guards are supporting financial market stability. SBS Aug 6, 2026 3:16 PM

Government Cracks Down on Hidden Used Car Fees and Expands Refund Rules The government has announced new policies to boost trust in the used car market, including a measure allowing consumers to get a full refund if major defects are found within seven days of purchase resulting in excessive repair costs. SBS Aug 6, 2026 3:09 PM