SBS News

Comprehensive Real Estate Holding Tax to Rise for Ultra-High-Value and Non-Owner-Occupied Homes; 1 Billion Won Cap on Long-Term Holding Deductions Introduced Comprehensive real estate holding taxes will be increased for ultra-high-value and non-owner-occupied homes, while the long-term holding special deduction for capital gains tax will be capped at 1 billion won. SBS Aug 3, 2026 6:47 PM

Comprehensive Real Estate Tax to Rise for Homes Valued Over 3.5 Billion Won, Surging Past 4.6 Billion Won With the comprehensive real estate holding tax system being overhauled starting next year, tax burdens are projected to increase for homes with a market value exceeding 3.5 billion won. SBS Aug 3, 2026 6:47 PM

Comprehensive Real Estate Holding Tax to Be Streamlined Based on Property Value... Basic Deduction for Single-Home Owner Occupants Raised to 1.4 Billion Won Namsan The taxation system for the Comprehensive Real Estate Holding Tax is shifting its focus from the number of homes owned to the total value of the properties. SBS Aug 3, 2026 6:45 PM

PPP Leader Chang Dong-hyeok Criticizes Gov't Tax Reform as "Tax Extortion" ▲ People Power Party Leader Chang Dong-hyeok urges President Lee to exercise his… SBS Aug 3, 2026 6:44 PM

20-Something Woman Arrested for Stealing Groceries from Mart During Sillim-dong Building Fire The Seoul Gwanak Police Station announced today that it has apprehended a woman in her 20s, identified as A, on theft charges. SBS Aug 3, 2026 6:44 PM

Iran Says Oman-Hormuz Talks Are Bilateral, U.S. Issues to Be Discussed Later President Donald Trump has hinted at resuming negotiations with Iran, Tehran has stated that it is not negotiating with the United States at this stage, preferring to monitor how the situation unfolds before addressing the matter in the next phase. SBS Aug 3, 2026 6:43 PM

Video Article

Leaping into the Sea from a Flame-Engulfed Ferry… 5 Dead and Over 40 Missing The passenger ferry is engulfed in thick black smoke, listing heavily to the right. SBS Aug 3, 2026 6:40 PM

Video Article

Yangprica? Yangsan Outraces Africa in Heat on August 2 42.5°C . It was the highest temperature recorded in 122 years since modern meteorological observations began. SBS Aug 3, 2026 6:38 PM

Man in His 20s Arrested for Forcibly Groping Woman Met via Random Chat The Incheon Jemulpo Police Station announced today that it has apprehended and is currently investigating a man in his 20s, referred to as A, on charges of forcible indecency. SBS Aug 3, 2026 6:36 PM

Teenagers Caught Red-Handed Stealing From Unlocked Vehicles The Incheon Bupyeong Police Station announced today that it has booked and is investigating two male teenagers on charges of attempted special larceny. SBS Aug 3, 2026 6:32 PM