SBS NEWS

Financial Services Commission to Supply 4.5 Trillion Won in Guaranteed Loans for Regional SMEs, Capping Settlement Period at 60 Days The measures also aim to ensure swift and secure collection of delivery payments by shortening the settlement period for collateralized accounts receivable loans to within 60 days and abolishing recourse obligations. SBS Nov 2, 2026 2:22 PM

Industry Minister Promises National Growth Platform Through 3 Mega Projects Minister Kim made the remarks during a keynote speech at the National Economic Advisory Council public forum titled "Three Mega Projects: Tasks to Become a National Growth Platform," held at Ferrum Tower in Seoul today . SBS Nov 2, 2026 2:17 PM

Daewoo E&C Asks Trade Ministry to Mediate Renegotiation of Czech Nuclear Plant Construction Contract In an official statement released today, Daewoo E&C said, "We received an official notice from KHNP on October 30 regarding the termination of construction contract negotiations," adding, "We request the Ministry of Trade, Industry and Energy to mediate the renegotiation of the construction contract so that the project can be normalized as soon as possible." According to Daewoo E&C, KHNP determined that the revised proposal submitted by the Daewoo E&C consortium on October 29 failed to adequately reflect requests to account for increased construction volume. SBS Nov 2, 2026 2:02 PM

Korea Communications Commission Union Opposes Sejong Relocation... "No Prior Consultation with Employees" In a statement issued today , the KCC union branch criticized the move, saying, "The parties concerned first learned of the relocation news through media reports on the day of the announcement, and there was not a single prior consultation with the labor union." They added, "This is a hastily driven relocation pushed unilaterally without prior discussion with employees." They argued that matters such as the timing of the relocation, changes in workplaces, housing and relocation support, and measures for separated families are directly related to working conditions, and thus consultation procedures under the Public Officials Trade Union Act must be fulfilled. SBS Nov 2, 2026 1:34 PM

Hoban Group Acquires Additional Hanjin Kal Shares, Files Business Combination Report with FTC According to industry sources on Monday, Hoban Group recently secured additional shares of Hanjin Kal through open-market purchases. SBS Nov 2, 2026 1:24 PM

Use Parents' Driving Record When Young Adults Get Car Insurance The Financial Supervisory Service announced this on November 2, stating that it will strengthen guidance on discount systems to help young adults entering the workforce reduce their auto insurance premium burdens. SBS Nov 2, 2026 1:22 PM

Powered by K-Culture, Overseas Direct Sales Surge 41% in Q3 to Reach 6-Year High Driven by the K-culture craze, overseas direct sales from South Korea surged by over 40% in the third quarter of this year. SBS Nov 2, 2026 1:18 PM

Missed May EITC and Child Tax Credit Application? Deadline is December 1 The National Tax Service announced today that it will send retrospective application notices to 260,000 households that have not yet applied for the 2025 EITC and Child Tax Credit. SBS Nov 2, 2026 1:15 PM

'Folded Just 20 Times and the Screen Cracked': Apple's First Foldable Phone Hit by 'Crackgate' "Screen Broken" Right After Launch: Why Did This Happen? Starting at a launch price of 3.29 million won, Apple's first foldable smartphone, the iPhone Duo, has been embroiled in controversy over damaged screens right from its release. SBS Nov 2, 2026 12:52 PM

KOSPI Turns Upward With Over 1% Gain, Samsung and SK Hynix Rebound The KOSPI opened lower earlier in the day. The KOSPI turned upward during trading today and is moving within a slightly higher range. SBS Nov 2, 2026 11:39 AM