SBS News

Industry Minister Kim Jeong-kwan: Honam Semiconductor Fab Aims for Initial Completion by 2029 Minister of Trade, Industry and Energy Kim Jeong-kwan stated regarding the Honam semiconductor cluster, "With the goal of completing the first semiconductor fab by 2029, we have decided to swiftly push forward with the creation of a national industrial complex and the establishment of complex plans, centered around the Ministry of Land, Infrastructure and Transport." Minister Kim made the remarks while reporting the results of the public-private joint inspection meeting on the three major mega-projects during a Cabinet meeting held at the Government Complex-Sejong today . SBS Aug 11, 2026 11:37 AM

Ministry of Trade Holds Public-Private Meeting on U.S. Polysilicon Tariffs government's imposition of tariffs on polysilicon. The meeting, presided over by Park Jung-sung, Assistant Minister for Trade, took place today at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul. SBS Aug 11, 2026 11:22 AM

Semiconductors Drive August Exports to Record High in Early Days of Month Fueled by a significant surge in semiconductor exports, South Korea's exports for the first ten days of August reached an all-time high. SBS Aug 11, 2026 11:11 AM

Jobseekers' Benefit for Voluntary Resignations in First Jobs Raises Concerns Over Early Quitting While the government is pushing to provide unemployment benefits to young adults under 35 even if they voluntarily resign, statistics show that two out of three voluntary quitters in that age group leave their companies after working for less than a year. SBS Aug 11, 2026 11:04 AM

Post Office to Observe 'Parcel-Free Days' on Aug. 14 and 18; Deliveries May Be Delayed by 2 to 3 Days To guarantee rest amid intense heatwaves, postal parcel delivery workers will take summer leave for two days on August 14 and 18. SBS Aug 11, 2026 11:00 AM

Hanwha Pursues Acquisition of U.S. Shipbuilder and Defense Firm Austal USA for Up to KRW 1.7 Trillion business unit of Australian shipbuilder and defense contractor Austal. Austal USA is a company that manufactures U.S. SBS Aug 11, 2026 10:59 AM

"Reverse Kimchi Premium": Bitcoin Traded Cheaper in Korea Than Overseas The phenomenon known as the "reverse Kimchi premium," where Bitcoin trades at a lower price in South Korea than overseas, is becoming prolonged. SBS Aug 11, 2026 10:33 AM

Foreigners' Card Spending in South Korea Jumps Nearly Tenfold in Three and a Half Years An analysis shows that card payments made by foreigners in South Korea have increased about tenfold over the past three and a half years. SBS Aug 11, 2026 10:28 AM

Semiconductor Surge Drives August Exports to Record High in Early Month The Korea Customs Service announced today that preliminary customs clearance data for August 1 to 10 showed exports totaled $21.3 billion, up 45.3% from the same period last year. SBS Aug 11, 2026 10:18 AM

Donate 100,000 Won to Hometown Love Donation System, Get 130,000 Won Back The first useful piece of news is about the Hometown Love Donation System, which can help fund your vacation when you donate. SBS Aug 11, 2026 9:29 AM