SBS News

KOSPI Opens Sharply Lower, Falling Over 3% Following Previous Day's Decline The KOSPI is falling by more than 3% in early trading on the 8th, continuing the downward trend in semiconductor stocks from the previous day. SBS Jul 8, 2026 10:19 AM

Quarterfinal Matchups Set for 2026 World Cup: Six European Nations Advance, Haaland vs. Kane Clash Confirmed The quarterfinal lineup for the 2026 FIFA World Cup in North America is complete, with Switzerland taking the final spot. SBS Jul 8, 2026 10:18 AM

Iran Warns of Retaliation After U.S. Airstrikes Hit Southern Regions Following U.S. retaliatory airstrikes targeting Iran for attacks on merchant vessels in the Strait of Hormuz, Iran has immediately warned of a counter-response, claiming that the U.S. SBS Jul 8, 2026 10:18 AM

Saudi Arabia Considers Expanding Oil Export Routes to Red Sea to Reduce Reliance on Hormuz According to sources familiar with the matter, Saudi Arabia is discussing a plan to increase the capacity of the East-West Pipeline, which transports crude oil from eastern oil fields to the western Red Sea port of Yanbu, by up to 2 million barrels per day. SBS Jul 8, 2026 10:16 AM

UBS Advises Investors: Buy SK Hynix ADRs, Sell Seoul-Listed Shares Investment bank UBS Group has advised investors to purchase American Depositary Receipts of SK Hynix while selling its shares listed in South Korea. SBS Jul 8, 2026 10:16 AM

Interior Minister Orders Dispatch of Situation Management Officers to 7 Provinces for Heavy Rain Minister of the Interior and Safety Lee Sang-min issued an emergency order today to dispatch division-director-level on-site situation management officers to seven metropolitan cities and provinces, including Gyeonggi, South Chungcheong, North Jeolla, and North Gyeongsang, where heavy rain is forecasted. SBS Jul 8, 2026 10:16 AM

People Power Party Proposes Resolution to Support 'G3' Leap as First Agenda Item of Seoul Metropolitan Council A resolution supporting Seoul Mayor Oh Se-hoon's goal for the city to leap into the global top 3 during his 9th term has been submitted as the first agenda item for the 12th Seoul Metropolitan Council. SBS Jul 8, 2026 10:16 AM

Seoul City: Pop-up Stores Failing to Properly Obtain Consent for Personal Data Collection and Provide Refund Information The Seoul Metropolitan Government announced the results of a survey on consumer awareness and an on-site investigation of pop-up stores operating in Seongsu-dong and The Hyundai Seoul, conducted in collaboration with the consumer group Green Consumers Network . SBS Jul 8, 2026 10:15 AM

Japan Eyes Samsung’s Record Profits, Warns of Potential 'Japanese-Style' Backlash Over Memory Monopoly The Nihon Keizai Shimbun reported on July 8 that Samsung Electronics posted a preliminary operating profit of 89.4 trillion won for the second quarter of this year, marking its third consecutive quarter of record-high performance. SBS Jul 8, 2026 10:14 AM

Power Outage on Seoul Subway Line 1 Causes Morning Commuter Chaos Commuter chaos erupted on the morning of July 8 as a power outage on a section of Seoul Subway Line 1 caused significant disruptions to train operations. SBS Jul 8, 2026 10:09 AM