SBS News

Cap on Tax Evasion Informant Rewards Lifted to Encourage Reports The government is lifting the reward cap for reporting tax evasion or hidden assets of tax delinquents to tax authorities. SBS Aug 3, 2026 6:27 PM

Income and Corporate Taxes Down, Comprehensive Real Estate Tax Up: 3.4 Trillion Won Revenue Effect Over 5 Years While income and corporate taxes are expected to decrease due to expanded earned income tax credit payments and strengthened tax deductions for regional investments, the comprehensive real estate tax is predicted to increase by a larger margin. SBS Aug 3, 2026 6:27 PM

Capital Gains Tax Heavy Surcharge Reverses Course as Comprehensive Real Estate Tax Rises Heavy taxation was reinstated on May 10 of this year after a four-year grace period ended. SBS Aug 3, 2026 6:27 PM

Crackdown on 'Stock Price Suppression' Trick: Tax Assessed with 30% Higher Valuation Upon Detection The objective is to extend the stock valuation period and levy taxes based on the "normal price" rather than the "suppressed market price." The Ministry of Economy and Finance announced the "2026 Tax Revision Plan" containing these measures today . SBS Aug 3, 2026 6:25 PM

Prosecutors Indict Two Gwangsan Police Officers for Leaking Investigation Info to Jang Yoon-gi's Father They are accused of conspiring to return Jang Yoon-gi's SUV—which contained a cable tie, a key piece of evidence in the murder case—to Jang Yoon-gi's police officer father while investigating the murder case. SBS Aug 3, 2026 6:17 PM

"32% of Japanese Job Seekers Face Sexual Harassment"... Companies Obligated to Prevent It In Japan, where sexual harassment against job seekers has become a social issue, a new system will be implemented to obligate companies to take preventive measures. SBS Aug 3, 2026 6:15 PM

Ukraine Claims 240,000 Russian Casualties This Year, Surpassing New Recruits According to local media outlet the Kyiv Independent on the 3rd , the General Staff of the Armed Forces of Ukraine claimed that cumulative Russian military losses from the beginning of this year to the present stand at 238,650. SBS Aug 3, 2026 6:10 PM

Lotte Pitcher Kim Jin-wook Gets 10-Day Rest, Will Stay With First Team The Lotte club announced that while Kim received a medical opinion showing no abnormalities in his hamstring muscles in both legs, he was deregistered from the roster for a period of rest. SBS Aug 3, 2026 6:07 PM

Youth ISA to Offer Full Tax Exemption on Interest and Dividends to Build Assets The government is introducing a Youth-exclusive Comprehensive Individual Savings Account to support asset building for young people. SBS Aug 3, 2026 6:05 PM

Video Article

Deputy Prime Minister: "Lowered Tax Burden for Single-Home Owners with Properties Worth 3.0 Billion Won or Less" Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol announced the 2026 tax code revision plan at the Government Complex-Sejong today . SBS Aug 3, 2026 6:05 PM