SBS News

Lim Gwang-hyun: "Tax Revenue Is Skewed, Future Response Fund Is Essential" National Tax Service Commissioner Lim Gwang-hyun has stated that a "Future Response Fund," to be created using tax revenue increased by the semiconductor boom, is essential for sustainable fiscal management. SBS Jul 12, 2026 9:52 AM

Administrative Court Rules Fines for Immigration Control Act Violations Are Not Subject to Administrative Litigation The 10th Administrative Division of the Seoul Administrative Court (Presiding Judge Jeong Eun-young) dismissed a lawsuit filed by an individual, identified as A, against the state in April, in which A sought a declaratory judgment that the obligation to pay the fine did not exist. SBS Jul 12, 2026 9:48 AM

Supreme Court Rules Against Disability Benefit Claim for Chronic Lung Disease After Miner's Death from Lung Cancer The court determined that disability benefits can only be granted when a medical condition has reached a stabilized state. SBS Jul 12, 2026 9:36 AM

Supreme Court to Rule on Kim Keon-hee’s Stock Manipulation and Bribery Case on July 16; Appeals Trial for Yoon Suk Yeol’s Treason Charges Begins The Supreme Court is set to deliver its final ruling this week for First Lady Kim Keon-hee, who was sentenced to four years in prison in her second trial on charges including stock manipulation involving Deutsch Motors, receiving bribes from the Unification Church, and accepting free public opinion surveys from political broker Myung Tae-kyun. SBS Jul 12, 2026 9:32 AM

U.S. Resumes Airstrikes on Iran Following Attack on Merchant Vessel in Strait of Hormuz: "They Will Pay a Price" U.S. Central Command stated on social media, "At 7:15 p.m. Eastern Time, the Islamic Revolutionary Guard Corps brazenly attacked the M/V GFS Galaxy, a Cyprus-flagged container ship, while it was transiting the Strait of Hormuz," adding that "CENTCOM forces have initiated a third round of airstrikes this week." CENTCOM explained that the Iranian attack left one civilian crew member of the vessel missing, caused a fire on board, and resulted in severe damage to the engine room, rendering the ship unable to navigate. SBS Jul 12, 2026 9:26 AM

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Spreading Rapidly Among People in Their 20s and 30s... Alcohol Consumption Drops These days, a culture of enjoying life healthily without alcohol is taking root, particularly among people in their 20s and 30s. SBS Jul 12, 2026 9:22 AM

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Heat Wave Sweeps Across Korea as Monsoon Rains Subside; Temperatures Hit 39.9°C As the monsoon rains have ceased, intense heat has blanketed the entire country as if the rain had never happened. SBS Jul 12, 2026 9:22 AM

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SK Hynix Debuts on Nasdaq to Global Investor Enthusiasm SK Hynix has officially listed on the Nasdaq stock market in New York. The stock saw a significant jump from its offering price on the first day of trading, proving the intense interest from global investors. SBS Jul 12, 2026 9:22 AM

Iranian Military: "Strait of Hormuz Fully Blockaded Until Further Notice" In a statement released that day, the Revolutionary Guard claimed, "We had previously announced that we would respond firmly to foreign interference and the illegal designation of shipping lanes in the Strait of Hormuz, and that the flow of traffic would be disrupted." They further alleged, "Despite this, our warnings were ignored just a few hours ago, and several vessels, instigated by foreign powers, attempted to navigate through unauthorized routes." The statement continued, "We warned these vessels to correct their course and move to approved shipping lanes, but they ignored us. SBS Jul 12, 2026 9:22 AM

First-Half Theater Ticket Sales More Than Double Year-on-Year, Reaching Record High Since 2014 According to data from the Performing Arts Integrated Computer Network, the total ticket sales for the theater genre in the first half of this year amounted to approximately 75.9 billion won. SBS Jul 12, 2026 9:21 AM