SBS News

Bank of Korea Monetary Policy Board: "Need to Maintain Interest Rate Hike Stance" In its monetary policy direction statement released today, the board said, "The timing and pace of additional hikes will be determined by monitoring the level of inflationary pressure, the trend of economic recovery, and the situation of financial stability." The board also disclosed that all seven members voted in favor of raising the base interest rate by 0.25 percentage points , from 2.50% to 2.75% per annum. SBS Jul 16, 2026 10:55 AM

U.S. Military to Mandate Annual Testosterone Testing for Personnel Over 30 Secretary of Defense Pete Hegseth The U.S. Department of Defense has announced that it will conduct annual tests to measure testosterone levels for military personnel aged 30 and older. SBS Jul 16, 2026 10:50 AM

BOK Monetary Policy Board: "Need to Maintain Interest Rate Hike Stance" The Bank of Korea's Monetary Policy Board stated, "We have determined that it is necessary to continue the stance of raising interest rates for future monetary policy." In the monetary policy decision statement released today , the board said, "The timing and pace of additional hikes will be determined while monitoring the degree of inflationary pressure, the trend of economic improvement, and financial stability conditions." The board disclosed that all seven members voted in favor of raising the base rate by 0.25 percentage points , from 2.50% to 2.75% per annum, on this day. SBS Jul 16, 2026 10:48 AM

Sell-Side Sidecar Triggered Today Following Yesterday's Buy-Side Sidecar: Volatile Stock Market Following a sharp market downturn, a sidecar—a temporary suspension of program trading orders—has been triggered in both the KOSPI and KOSDAQ markets. SBS Jul 16, 2026 10:48 AM

Former Unification Minister Cho Myoung-gyon Receives Suspended Sentence in 'Moon Administration Blacklist' Case The Supreme Court's First Division (Justice Shin Sook-hee presiding) upheld the lower court's ruling today , sentencing Cho to six months in prison, suspended for one year, on charges of abuse of power. SBS Jul 16, 2026 10:44 AM

Man in His 50s Who Attempted to Abduct Teenager by Offering Taxi Fare Sentenced to 1 Year and 2 Months in Prison on Appeal The Seoul Southern District Court's Criminal Appeals Division 3-3 (Presiding Judges Yoo Hwan-woo, Jang Yoon-sun, and Cho Kyu-seol) sentenced Kim , who was indicted under detention for attempted abduction of a minor, to one year and two months in prison today , overturning the 10-month sentence handed down in the first trial. SBS Jul 16, 2026 10:44 AM

Chinese Users Grieve as Regulations Force Breakups with AI Partners Chinese authorities have launched a regulatory crackdown aimed at curbing the growing emotional dependence on AI chatbots, which many users have come to treat as real friends or romantic partners. SBS Jul 16, 2026 10:42 AM

China's CXMT Prepares for Massive IPO, Targeting Up to 15 Trillion Won CXMT announced in a regulatory filing on July 14 that it has set its offering price at 8.66 yuan per share. SBS Jul 16, 2026 10:42 AM

Man in His 60s Sentenced to 2 Years for Strangling Wife Suspected of Having Bone Cancer The Cheongju District Court, presided over by Judge Han Sang-won of the 22nd Criminal Division, sentenced the defendant, identified as A, to two years in prison today on charges of homicide upon request. SBS Jul 16, 2026 10:36 AM

Police Investigate Alleged Abuse of Stray Cats with Glacial Acetic Acid at Changwon Shopping Center The Changwon Jungbu Police Station announced today that it has received a complaint requesting an investigation into three individuals—a restaurant owner identified as A, a shopping center manager, and a city official from the livestock department—on charges of violating the Animal Protection Act. SBS Jul 16, 2026 10:34 AM