SBS News

KDI Removes 'Middle East Downside Risk' from Economic Assessment, Cites 'Manufacturing Adjustment and Service Sector Strength' The Korea Development Institute has removed references to downside risks related to the Middle East conflict from its recent assessment of the South Korean economy. SBS Jul 8, 2026 2:21 PM

Q1 ELS Redemptions Rise 45% as Stock Market Gains Trigger Early Repayments The issuance of derivative-linked securities and bonds by domestic brokerage firms is on a steady upward trend, supported by a recovery in investor sentiment. SBS Jul 8, 2026 2:18 PM

Korean Performances at Avignon Festival Draw Attention from Local Media The 80th Avignon Festival, which opened in Avignon, France, on July 4, selected Korean as the official guest language this year and invited nine Korean performances across various genres, including theater and dance, to its official program. SBS Jul 8, 2026 2:17 PM

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News Briefing: Today's Top Stories; Missing Cable Ties Found at Father's Home of Jang Yoon-gi 1. The baseball team of Baejae High School in Seoul, which received a six-month suspension for using cheering slogans mocking the May 18 Gwangju Democratization Movement, has decided to file for a retrial with the Korea Baseball Softball Association. SBS Jul 8, 2026 2:14 PM

National Tax Service Launches Nationwide Effort to Address 130 Trillion Won in Arrears The NTS announced today that it has formed a dedicated task force for managing national tax and non-tax revenue arrears across 133 local tax offices, officially activating a field-oriented system to verify the status of delinquent taxpayers. SBS Jul 8, 2026 2:11 PM

KOSPI and KOSDAQ Trigger Sidecar Trading Halts Amid 5% Market Drop As the domestic stock market plummeted today , program trading sell-side sidecars were triggered consecutively on both the KOSPI and KOSDAQ markets. SBS Jul 8, 2026 2:10 PM

KFTC to Fine Global Non-Memory Chipmakers Up to 100 Billion Won for Margin Fixing If the allegations are proven true, the two companies could face a combined fine of up to 100 billion won. SBS Jul 8, 2026 2:08 PM

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Team Europe Unites Against K-Defense: How 'Full Support' and Order Swaps Blocked South Korea It has been revealed that the Canadian government's decision on July 6 to select Germany's ThyssenKrupp Marine Systems over Hanwha Ocean as the preferred bidder for its next-generation submarine project was driven by full-scale support from Team Europe. SBS Jul 8, 2026 2:05 PM

China Accelerates AI Chip Localization: Huawei Overtakes Nvidia According to a survey of 60 executives from Chinese software, finance, manufacturing, and retail companies conducted by Bloomberg Intelligence on July 7 , Huawei's Ascend 910B/C chips were used or under evaluation in 65% of the respondents' AI clusters, the highest among the 12 accelerators surveyed. SBS Jul 8, 2026 2:03 PM

BIGBANG TAEYANG Warms Hearts with Sweet Gesture for Fans at the Airport TAEYANG of the 20-year veteran group BIGBANG has warmed hearts after a story emerged of him buying hamburgers for fans who came to see him off at the airport. SBS Star Jul 8, 2026 1:59 PM