SBS NEWS

Fuel Tax Cut Extended Through Late November; Highway Gas Prices to Drop by 100 Won During Chuseok As international oil prices continue to surge amid the prolonged war between the United States and Iran, the government has decided to extend the temporary fuel tax cut through the end of November. SBS Sep 18, 2026 12:30 PM

Outgoing Deputy Prime Minister Koo Yun-cheol: "Without Strong Ministry of Finance and Economy, Policy Efficiency Falters" Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol, ahead of his departure, urged staff members, saying, "If the Ministry of Finance and Economy collapses, the Republic of Korea collapses," and adding, "With that mindset, you should take pride in your work." Deputy Prime Minister Koo made the remarks during his farewell ceremony held at the main auditorium of the Government Complex Sejong, attended by some 350 employees. SBS Sep 18, 2026 11:38 AM

Financial Services Commission Chairman Lee Uk-heon: "Expanding Long-Term Supply and Demand Foundations for the Stock Market... Carefully Refining Volatility Mitigation Mechanisms" ▲ Financial Services Commission Chairman Lee Uk-heon Financial Services Commissi… SBS Sep 18, 2026 11:33 AM

MSIT Clarifies Research Allowance Reform Amid Backlash Over 'Reduction' The ministry announced that it held a meeting today at the National Science and Technology Advisory Council in Gwanghwamun, Seoul, with executive professors from the Council of University Industry-Academic Cooperation and Research Directors and officials from the four major science and technology institutes to explain this year's national research and development administrative system improvement plan. SBS Sep 18, 2026 11:30 AM

FSS Governor Lee Chan-jin, Financial Institutions Engage in Chuseok Tradition Market Sharing Activities Financial Supervisory Service Governor Lee Chan-jin has participated in a traditional market sharing activity for the Chuseok holiday alongside financial institutions. SBS Sep 18, 2026 11:20 AM

Foreigners Turn Net Buyers of Domestic Stocks in August at 344 Billion Won, First Time This Year (Photo: Stock Trading Footage) Foreign investors turned to net buyers of domestic stocks in August for the first time this year, purchasing a net amount of around 300 billion won. SBS Sep 18, 2026 11:07 AM

Producer Prices Rebound in 1 Month... Up 0.2% in August Due to Heatwave and Rising Oil Prices According to the Bank of Korea today , the producer price index for August stood at 129.64, up 0.2 percent from the previous month . SBS Sep 18, 2026 10:56 AM

Fuel Tax Cut Extended by Two Months to Late November to Ease Public Burden The Ministry of Finance and Economy announced today during an Emergency Economic Headquarters meeting and Economic Ministers' meeting chaired by Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol that the measure was decided in consideration of the ongoing instability in the Middle East to alleviate the public's fuel cost burden while taking into account response capacity. SBS Sep 18, 2026 10:54 AM

Koo Yun-cheol: "Highway Fuel Prices to Be Cut by 100 Won Per Liter During Chuseok Holiday" Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol announced that "fuel prices at expressway gas stations nationwide will be lowered by 100 won per liter compared to the 17th during the Chuseok holiday period from September 24 to 27, with the public sector sharing the burden of high oil prices." Chairing an emergency economic headquarters meeting and economic ministers' meeting at the Government Complex-Sejong today , Deputy Prime Minister Koo stated that discounts will take effect at 226 state-managed expressway gas stations operated by the Korea Expressway Corporation. SBS Sep 18, 2026 10:51 AM

Ministry of SMEs and Startups Receives 92,000+ Applicants for 2nd 'Modu Startup' Project, Up 30,000 The Ministry of SMEs and Startups announced on the 18th that a total of 92,838 people (80,764 in general and technology, and 12,074 in local sectors) ultimately applied for the second round of the "Modu Startup Project," which accepted submissions from August 20th until the previous day. SBS Sep 18, 2026 10:49 AM