SBS News

Debt-Financed Investment Fever Persists: Outstanding Balance of Line-of-Credit Loans at Top 5 Banks Hits 43 Trillion Won Although banks have been scrambling to introduce management measures, they have been unable to curb the use of credit lines that have already been established. SBS Jun 28, 2026 9:28 AM

Privately Owned Homes in Seoul Increase by 200,000 Over 8 Years, 45% Owned by Non-Residents Over the past eight years, more than four out of every ten new privately owned homes in Seoul have been acquired by individuals residing outside the city. SBS Jun 28, 2026 9:25 AM

Comprehensive Real Estate Tax Increases for First Time in 3 Years; Potential for Further Surge Amid Speculation Curbs The comprehensive real estate tax imposed on housing has increased for the first time in three years. SBS Jun 28, 2026 9:25 AM

Fire Breaks Out at Daein Market in Gwangju at Dawn; Extinguished in 19 Minutes A fire of unknown origin broke out at a restaurant inside Daein Market in Dong-gu, Gwangju, at approximately 3:50 a.m. SBS Jun 28, 2026 9:18 AM

Kakao Union to Stage Collective Action on June 29 After Negotiations Fail The Kakao labor union will proceed with its planned "Logout Day" tomorrow, June 29, as members are set to take full-day leave or time off after failing to reach an agreement with management regarding the performance-based bonus system. SBS Jun 28, 2026 8:51 AM

Gasoline Prices at Gas Stations Expected to Drop to 1,900 Won Range This Week... "Likely to Fall by 50 Won Weekly" Industry experts project that the average price of gasoline will fall to the mid-to-high 1,900 won range this week, as the drop in international oil prices coincides with the government's lowering of the price ceiling. SBS Jun 28, 2026 8:50 AM

Apple Joins the Trend: Is a Domino Effect of IT Device Price Hikes Beginning? This is driven by the surge in memory semiconductor prices due to the expansion of generative artificial intelligence , which has increased the burden of manufacturing costs. SBS Jun 28, 2026 8:50 AM

Fire Breaks Out at Machinery Manufacturing Factory in Incheon; 4 Businesses Affected The Incheon Fire Department stated that the fire started around 11:00 p.m. yesterday at a two-story factory building in Gajwa-dong, Seo-gu, which houses six businesses, including a machinery manufacturer. SBS Jun 28, 2026 8:41 AM

Average Exchange Rate Exceeds 1,500 Won in Q2, First Time Since Asian Financial Crisis As the exodus of foreign capital is cited as the primary factor behind the rising exchange rate, analysts suggest that it is difficult to expect a resolution to the downward pressure on the won in the short term due to the high possibility of further capital outflows. SBS Jun 28, 2026 8:40 AM

Fire at Apartment in Iksan Leaves 1 Dead, 15 Evacuated today . The blaze resulted in the death of a 60-year-old male resident, identified as A, while 15 other residents evacuated the building. SBS Jun 28, 2026 8:07 AM