SBS NEWS

Tax Evasion and Price Hikes: National Tax Service Launches Probes into 41 Businesses Ahead of the Chuseok holiday, the National Tax Service has launched tax investigations into 41 entities, including egg farms, food distribution and processing companies, and restaurant franchises, for fueling inflation. SBS Sep 14, 2026 12:18 PM

Standard Construction Cost for Housing Prices to Rise by 4.07% to 2.328 Million Won per Square Meter The Ministry of Land, Infrastructure and Transport announced on the 14th that it will make this regular notice regarding the basic construction cost. SBS Sep 14, 2026 11:56 AM

Hong Ji-sun: "Extension of Repayment Grace Period for Mother-in-Law's Loan Was to Cover Children's Graduate School Tuition" Nominee for Minister of Land, Infrastructure and Transport Hong Ji-sun explained today that the reason for extending the principal repayment grace period on a loan she borrowed from her mother-in-law during a home purchase was to secure funds for her children's graduate school tuition. SBS Sep 14, 2026 11:44 AM

Hong Ji-sun: "Agree with the direction of real estate tax reform... Priority supply needed for actual demanders" ▲ Nominee for Minister of Land, Infrastructure and Transport Hong Ji-sun answers… SBS Sep 14, 2026 11:43 AM

Applications for Seoul Land Transaction Permits Hit Lowest Since October Last Year in August The Seoul Metropolitan Government announced that the number of new applications for land transaction permits for apartments in Seoul totaled 3,012 last month. SBS Sep 14, 2026 11:42 AM

Semiconductor Giants Reject KEPCO's Proposal to Prepay Five Years of Electricity Bills The plan proposed by Korea Electric Power Corporation for Samsung Electronics and SK Hynix to prepay 25 trillion won for five years of electricity bills has ultimately fallen through. SBS Sep 14, 2026 11:11 AM

Transfers Over 1 Million Won Subject to 30-Minute Withdrawal Delay Starting Today It is time for Friendly Economy. We touched on this related topic before: starting today , if you deposit more than 1 million won into a bank, you will have to wait 30 minutes before you can withdraw it from an ATM, right? Yes, it starts today. SBS Sep 14, 2026 10:53 AM

147 FSS Employees Caught Violating Stock Investment Regulations A total of 147 executives and employees of the Financial Supervisory Service have been caught violating stock investment-related regulations from 2020 through July of this year. SBS Sep 14, 2026 10:29 AM

Corporate Tax Projected to Outpace Income Tax for First Time in 15 Years, Surpassing 200 Trillion Won Corporate tax revenue is projected to outpace income tax for the first time in 15 years next year. SBS Sep 14, 2026 10:28 AM

Banks' Revolving Credit Balances Approach 70 Trillion Won... Debt Surges by 6 Trillion Won Despite Stable Account Numbers The outstanding balance of revolving credit in the banking sector is approaching 70 trillion won. SBS Sep 14, 2026 10:26 AM