SBS News

Protecting Small Businesses... 5-Year Extension on Restrictions for Large Corporations Entering Sliced Rice Cake and Tteokbokki Rice Cake Manufacturing Restrictions on large corporations from newly entering or expanding their businesses in the manufacturing of sliced rice cakes and tteokbokki rice cakes will be extended for another five years. SBS Aug 7, 2026 10:35 AM

Government to Overhaul Electric Vehicle Subsidy System: Will Local Government Burdens Ease? The government is conducting a comprehensive review of the electric vehicle purchase subsidy system. SBS Aug 7, 2026 10:32 AM

"Power Demand Next Week Could Hit All-Time High"... Power Supply and Demand Checked The Ministry of Climate, Energy and Environment held a summer power supply and demand inspection meeting on the morning of the 7th at the Korea Power Exchange in Naju-si, Jeollanam-do. SBS Aug 7, 2026 10:31 AM

Total Price Display System Introduced for Used Cars to Curb Hidden Fees It is time for our "Friendly Economy" segment on Friday, and reporter Han Jiyeon is here with us. SBS Aug 7, 2026 9:18 AM

Wall Street Plunges Across the Board as Middle East Risks Rise Major U.S. stock indices closed lower across the board. The Nasdaq and the S&P 500 showed slight weakness, while the Dow Jones Industrial Average dropped by over 0.8%. SBS Aug 7, 2026 8:00 AM

First Import of Australian Ultra-Light Crude Amid Middle East Supply Instability With no clear resolution in sight for the situation in the Strait of Hormuz, efforts are already underway to secure crude oil from various regions beyond the Middle East. SBS Aug 7, 2026 7:51 AM

Industry Minister Opposes "Percentage of Operating Profit" Performance Bonuses, Pushes for Mandatory Shareholders' Meeting Resolution Minister of Trade, Industry and Energy Kim Jeong-kwan has publicly expressed opposition to the practice of paying so-called "percentage of operating profit" performance bonuses, announcing that the government is pushing to revise the Commercial Act and the Capital Markets Act to address the issue. SBS Aug 7, 2026 7:28 AM

SpaceX Rocket Crashes Into Moon: South Korea's Danuri Captures Before and After The Korea AeroSpace Administration announced that Danuri captured the events surrounding the collision, which occurred near the Einstein crater on the lunar surface at 3:34 PM on the 5th, Korea Standard Time. SBS Aug 7, 2026 7:15 AM

Government to Overhaul EV Subsidy System, Reviewing 30% Local Matching Requirement This comes as rising EV sales have increased the financial burden on local governments, which are required to provide subsidies alongside the national government. SBS Aug 7, 2026 7:01 AM

Cumulative Jeonse Fraud Victims Reach 40,278; Recognition Rate at 59.6% Among them, 563 cases were newly filed applications (including re-applications), while 46 cases were additional recognitions confirmed through appeals. SBS Aug 7, 2026 7:00 AM