SBS NEWS

Lee Hyung-il: 'Residence-Centered Housing Market Is Government's Direction... Reasonable Demands Will Be Reflected' Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated today that "settling a residence-centered housing market is a certain direction the government has in mind." Amid calls from some members of the ruling party to eliminate the distinction between non-residents and actual residents regarding the basic comprehensive real estate holding tax deduction for single-home owners, this is interpreted as a stance that the distinction providing benefits to actual residents should be maintained. SBS Sep 2, 2026 1:59 PM

Rhee Hyung-il: "Wondering If Inheritance Tax Reform Alone Can Resolve 'Stock Price Suppression'" Rhee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated today , "There are concerns over whether amending the Inheritance and Gift Tax Act alone can resolve 'stock price suppression'." During a press conference at the Government Complex-Sejong this morning, Nominee Rhee shared this perspective, saying, "For this to be resolved, the development of the capital market must take precedence, and the answers will emerge together in that process." "Stock price suppression" refers to the practice of companies intentionally lowering their stock prices to reduce inheritance and gift taxes during the management succession process. SBS Sep 2, 2026 1:57 PM

Lee Hyung-il: "Must Exercise Leadership as Deputy Prime Minister... Frequent Coordination with Cheong Wa Dae on Core Issues" Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated today that he will newly establish an economic issues meeting as a platform for economic ministers and Cheong Wa Dae to coordinate major policies. SBS Sep 2, 2026 1:56 PM

Lee Hyung-il: 'Inflation Is Our Top Mission… Will Try to Announce Additional Chuseok Price Measures' ▲ Nominee for Deputy Prime Minister and Minister of Economy and Finance Lee Hyun… SBS Sep 2, 2026 1:52 PM

Ministry of Agriculture Expands Eco-Friendly Produce Baskets for Expectant Mothers and Strengthens Quality Control The eco-friendly agricultural produce basket program for expectant mothers is designed to provide healthy food options for expectant mothers and secure a stable demand for eco-friendly agricultural products, with full-scale supply having begun on July 20. SBS Sep 2, 2026 1:48 PM

Quarantine Authorities Crack Down on Ring Illegally Distributing 4.3 Tons of Prohibited Vietnamese Plants The quarantine agency has forwarded two individuals involved—a Vietnamese national and a naturalized Vietnamese citizen who led the distribution—to the prosecution. SBS Sep 2, 2026 1:46 PM

Safer Landings at Gimhae Airport... Avoiding Mountainous Terrain with Advanced Satellite Navigation Previously, direct straight-in approaches to the runway were impossible at Gimhae Airport due to northern mountainous terrain such as Mt. SBS Sep 2, 2026 1:43 PM

South Korea, Japan Hold First Implementation Council for Supply Chain Partnership in Tokyo The Ministry of Trade, Industry and Energy announced today that it held the first South Korea-Japan Supply Chain Partnership Implementation Council with Japan's Ministry of Economy, Trade and Industry in Tokyo to discuss ways to strengthen supply chain cooperation between the two countries. SBS Sep 2, 2026 1:42 PM

Agriculture Minister Song Mi-ran: "Expansion of Smart Consumption App Nationwide Next Year" Appearing on MBC Radio's "Kim Jong-bae's Focus" today , Minister Song made the remarks while announcing that a location-based smart consumption app (smart consumption platform) providing price and discount information for agricultural and livestock products will be pilot-tested starting this month in five regions (Suwon, Wonju, Cheongju, Jeonju, and Changwon). SBS Sep 2, 2026 1:41 PM

Consumer Prices Rise 3.1% Due to Base Effect from 50% Mobile Phone Bill Discount Last month, consumer prices rose 3.1 percent from a year earlier, returning to the 3 percent range after two months. SBS Sep 2, 2026 12:16 PM