SBS News

Shareholder Approval Under '3% Rule' Mandatory for Dual Listing of Spun-off Subsidiaries The board of directors of a parent company pursuing a dual listing will be tasked with five core duties based on the fiduciary duty to shareholders, including assessing the impact on shareholders, establishing protection measures, and engaging in shareholder communication. SBS Jul 6, 2026 2:11 PM

Asset Managers' Voting Rate Hits 91.8%, Dissent Rate 8.2%... Improvement Seen Year-on-Year The FSS reviewed a total of 46,827 agenda items from 285 domestic asset management firms regarding their fund voting and disclosure records from April 2025 to March 2026. SBS Jul 6, 2026 2:08 PM

Ministers of Planning and Budget and Education to Hold Public Debate on 'Education Grant Reform' on July 8 the day after tomorrow . The debate, organized under the instruction of President Lee Jae-myung, will be attended by Minister of Planning and Budget Park Hong-keun, Minister of Education Choi Gyo-jin, and experts in the fields of finance and education. SBS Jul 6, 2026 2:06 PM

Four Major Oil Refiners Indicted Over 26 Trillion Won Price-Fixing Scheme Following Iran Conflict Domestic oil refiners and their employees have been indicted on charges of colluding to drive up oil prices immediately following the conflict between the United States and Iran. SBS Jul 6, 2026 1:58 PM

KCCI Launches Certification Program to Support Hiring of High School Graduates The Korea Chamber of Commerce and Industry will conduct the 2026 Vocational Competency Certification Assessment for approximately 58,000 third-year students at 569 vocational high schools nationwide from July 7 to July 10. SBS Jul 6, 2026 1:54 PM

NOWZ Lands First-Ever School Uniform Endorsement, Cementing Their Status as Rising Stars The group NOWZ is continuing their momentum as a rising K-pop act by landing their first-ever brand endorsement since their debut. SBS Star Jul 6, 2026 1:50 PM

President Lee Jae-myung: Speed Is Key for 3 Mega Projects, Must Finalize Site Selection Today ▲ President Lee Jae-myung speaks during the public-private joint inspection meet… SBS Jul 6, 2026 1:39 PM

Prosecutors Indict HD Hyundai Oilbank Over Alleged 26 Trillion Won Oil Price-Fixing Scheme The Seoul Central District Prosecutors Office’s Fair Trade Investigation Department announced on July 6 that it has indicted HD Hyundai Oilbank and two employees from its pricing department for allegedly sharing information on the timing and scale of price hikes with competitors and sharply increasing fuel prices following the outbreak of the conflict. SBS Jul 6, 2026 1:34 PM

Ministry of Planning and Budget Pushes for Legal Amendments to Establish Future Response Fund A ministry official stated during a regular briefing on July 6, "We intend to create a fund using additional tax revenue and utilize it for mega-projects, youth employment, and resolving polarization," adding, "We plan to determine the specific direction by gathering opinions from relevant ministries and the National Assembly, as legal amendments will be necessary." To this end, the ministry is expected to pursue the establishment of the fund through amendments to the National Finance Act. SBS Jul 6, 2026 1:34 PM

Rising Costs Drive More Young Americans to Live With Parents: Half of Under-30s Still at Home The latest Survey of Household Economics and Decisionmaking from the U.S. Federal Reserve shows that 49% of adults under 30 reported living with their parents last year. SBS Jul 6, 2026 1:21 PM