SBS News

Chinese-Made Cars Surge in S. Korea: From 0.1% Market Share 7 Years Ago to Nearing 10% The cumulative import volume of Chinese passenger cars in the domestic automotive market has surpassed 250,000 units in seven years, creating a powerful market wave. SBS Aug 20, 2026 4:09 PM

Samsung DX Union Demands 270 Million Won in Stock Per Person Following Wage Deal, Plans Rally The labor union of Samsung Electronics' DX division, which handles non-semiconductor businesses, is set to hold a large-scale rally tomorrow demanding compensation equivalent to 1,000 shares of company stock—worth about 270 million won per employee. SBS Aug 20, 2026 4:08 PM

Homeplus Says It Will Normalize Operations by Selling 19 Stores and Using Mortgage Loans to Repay Debt In an official statement released today , Homeplus explained, "As soon as the rehabilitation plan is approved, we will immediately initiate the sale of 19 out of the 37 closed stores currently owned by the company, with the sales process scheduled for completion by February 2028." The company added, "The proceeds from the sales will be used to repay trust-secured bondholders, and we expect to cover the entire amount through the sale of these 19 stores." Homeplus stated, "Once the trust-secured bonds are fully repaid, the security rights will be lifted, enabling us to utilize our remaining owned stores for real estate mortgage loans." A total of 62 Homeplus self-owned stores are currently held as trust collateral by Meritz. SBS Aug 20, 2026 3:42 PM

Samsung's Inter-Company Union Declares No Joint Bargaining Team, Suggests Separate DX Bargaining According to industry sources today, the inter-company union sent an official document containing this position to the Samsung Electronics Labor Union Donghaeng (hereinafter Donghaeng Union) earlier in the day. SBS Aug 20, 2026 3:41 PM

KOSPI Surges 5.9% to Close at 6,852... KOSDAQ Up 1.99% KOSPI Surges 5.9% to Close at 6,852... KOSDAQ Up 1.99% (Produced by SBS Digital … SBS Aug 20, 2026 3:40 PM

SK Hynix Reaches Tentative Wage Deal: A Look at Performance Bonuses The tentative agreement reportedly includes a 6.3 percent wage increase, along with a plan to pay 40 percent of the Profit-Sharing performance bonus in cash and the remaining 60 percent in company shares. SBS Aug 20, 2026 3:26 PM

Gangnam and Seocho Apartment Prices Fall for Second Consecutive Week, Jeonse Prices Drop Together According to the weekly apartment price trends for the third week of August released by the Korea Real Estate Board today , apartment sales prices in Seoul rose by an average of 0.22% compared to the previous week. SBS Aug 20, 2026 2:35 PM

FSC Offers Financial Support for Flood-Hit Households and SMEs with Emergency Funds and Loan Extensions The Financial Services Commission announced today that it has prepared various financial support measures to help flood-affected households and small- and medium-sized enterprises swiftly return to their daily lives. SBS Aug 20, 2026 2:33 PM

SK Hynix Labor and Management Reach Tentative Agreement on Wage and Collective Bargaining... 60% of Performance Bonuses to Be Paid in Company Stock The tentative agreement reportedly includes a 6.3% wage increase, along with a plan to pay 40% of the Profit-Sharing performance bonus in cash and the remaining 60% in company stock. SBS Aug 20, 2026 2:31 PM

Homeplus "Open Run" Returns Amid Discontent Over Canceled Orders While Homeplus has successfully drawn customers back through large-scale promotional events, such as half-price Korean beef following its reopening, customer complaints are mounting due to persistent supply issues. SBS Aug 20, 2026 2:17 PM