SBS NEWS

Oh Se-hoon and Kim Yoon-duk Hold Second Meeting... Remain at Odds Over Yongsan Park Development Minister of Land, Infrastructure and Transport Kim Yoon-duk and Seoul Mayor Oh Se-hoon held their second meeting today , following their gathering last week. SBS Aug 26, 2026 12:52 PM

Land Minister: Yongsan Not Included in 73,000 New Housing Units The additional new public housing sites that the government plans to announce as early as late next month will not include Yongsan Park or development restriction zones located in Seoul. SBS Aug 26, 2026 12:48 PM

Household Loan Rates Rise for Third Straight Month; Mortgage Rates Hit Highest in 2 Years and 8 Months Household loan interest rates rose for the third consecutive month last month, driven by rising market rates. SBS Aug 26, 2026 12:28 PM

"Bought Dentures, Received Plastic Models": Surge in Low-Quality Goods Damage from Overseas Shopping Malls Mr. A ordered dentures for 59,000 won from an overseas shopping mall after seeing a YouTube advertisement last June. SBS Aug 26, 2026 12:26 PM

Group Caught Manipulating Import Prices of 180,000 Bottles of Wine, Including Domaine de la Romanée-Conti, Evading 2.4 Billion Won in Taxes The Seoul Customs under the Korea Customs Service announced on the 26th that it has transferred three individuals from an online wine-selling business to the prosecution on charges of violating the Customs Act. SBS Aug 26, 2026 11:43 AM

KOSPI Flat Amid Caution Ahead of Nvidia Earnings Release The KOSPI hovered around the flat line during trading on the 26th. As of 10:59 a.m. SBS Aug 26, 2026 11:41 AM

Crackdown on 'Modoo Card' Loopholes: Fraudulent Users to Lose Membership The Metropolitan Transport Commission under the Ministry of Land, Infrastructure and Transport announced on August 26 that it is revising the service's terms of use to prevent fraudulent collection of Modoo Card benefits and enhance the fairness of financial support. SBS Aug 26, 2026 11:14 AM

LH to Buy Normal Real Estate PF Sites Along with Troubled Ones to Supply Rental Housing for Youth and Newlyweds The Ministry of Land, Infrastructure and Transport, the Financial Services Commission, LH, and the Financial Supervisory Service announced on August 26 that they will hold an inter-agency meeting on August 27 to review the progress of converting PF business sites into LH-purchased rental housing and discuss plans to regularize inter-agency cooperation. SBS Aug 26, 2026 11:10 AM

Duty-Free Shops Cementing Foreigner-Centric Structure... Foreigners Account for 77% of July Sales The proportion of foreign sales in the duty-free sector continues to grow. Last month, the number of foreign buyers surpassed 1.3 million, with foreign sales accounting for 77 percent of the total. SBS Aug 26, 2026 11:01 AM

Basic Research Project Abolished in 2024 Restored with 152 Billion Won Support Economy 365 The basic research support program, a grassroots fundamental research initiative that was abolished in 2024, has been restored. SBS Aug 26, 2026 10:29 AM