SBS News

President Lee: "Capital Gains Tax of Only a Few Hundred Million Won on 10 Billion Won Real Estate Profit Lacks Fairness" President Lee Jae-myung stated, "Earned income tax can reach up to 49.5% when various additional taxes are factored in, yet even if capital gains from real estate reach the 10 billion won range, the tax is only a few hundred million won." Presiding over a Cabinet meeting at the Cheong Wa Dae, President Lee made the remarks, saying, "While it is understandable to grant tax reductions if someone happened to acquire property by chance, if someone makes billions of won by purchasing property for investment purposes and pays almost no tax, it is deeply unfair compared to the earned income of workers." Regarding the current capital gains tax, President Lee also emphasized, "It does not align with the purpose of protecting housing. SBS Aug 4, 2026 1:22 PM

President Lee: 'Treat Heatwave as National Disaster, Go All Out for Necessary Measures' Regarding the nationwide heatwave, President Lee Jae-myung stated, "We must view the current situation as a national disaster and make every possible effort to swiftly and flawlessly implement necessary measures to protect the lives of the people." President Lee made the remarks during a Cabinet meeting he presided over at the Blue House on the 4th, saying, "Record-breaking heatwaves continue day after day across the country, making it difficult for citizens to even carry out their daily lives." "Above all, the most urgent task is to protect people's lives," he said, adding, "Please carefully review the support measures for vulnerable groups, such as residents in jjogbangchon (impoverished guesthouses) and elderly people living alone, and meticulously look after the safety management of workers in outdoor workplaces and confined spaces." He also ordered, "In particular, we must intensively inspect sites to ensure that workers' rights to halt work operate effectively. SBS Aug 4, 2026 1:19 PM

Crackdown on 'Fake' Car Accident Patients: Long-Term Treatment for Minor Injuries to Undergo Review This measure is designed to prevent excessive insurance payouts leaking to so-called "fake" patients. SBS Aug 4, 2026 1:16 PM

Corporate Tax Interim Prepayment Begins... Outline of Extra Tax Revenue From 'Samjeon-Nix' Expected to Emerge The scale of extra tax revenue driven by the unprecedented semiconductor industry boom is also expected to take shape soon. SBS Aug 4, 2026 1:13 PM

Kyung Soo-jin Makes Stage Acting Debut in Director Jang Jin's 'The Secret of Flowers' Actor Kyung Soo-jin is taking on her very first theatrical stage challenge through director Jang Jin's signature comedy play "The Secret of Flowers". SBS Star Aug 4, 2026 1:09 PM

Kyung Soo-jin to Make Theater Debut in Director Jang Jin's Play 'The Secret of Flowers' Actor Kyung Soo-jin is taking on her first-ever theatrical stage challenge through director Jang Jin's representative comedy play, "The Secret of Flowers." The play "The Secret of Flowers" (written and directed by Jang Jin) is set in Villa Perosa, a small rural village in northwestern Italy. SBS Entertainment News Aug 4, 2026 12:59 PM

'Spider-Man: Brand New Day' Draws Over 400,000 on Second Monday... Fierce Box Office Power The film 'Spider-Man: Brand New Day' continues its strong box office run, drawing over 400,000 daily moviegoers even on its second Monday. SBS Entertainment News Aug 4, 2026 12:57 PM

Seasoning Containing Poppy Seeds Sold on Danggn Market... Police Warn of Sales Restrictions The Seoul Mapo Police Station announced today that it detected the seasoning "Everything But the Bagel Sesame," sold by the US grocery chain Trader Joe's, being listed on Danggn Market and blocked transactions for the item. SBS Aug 4, 2026 12:57 PM

Video Article

Pork Suppliers Indicted for Price-Fixing Worth 1.2 Trillion Won Over 6 Years Distributors and individuals accused of colluding on the prices of pork supplied to major supermarkets have been sent to trial. SBS Aug 4, 2026 12:53 PM

DPK Stresses Detailed Review of Real Estate Tax Reform Plan The Democratic Party of Korea welcomed the government's real estate tax reform plan from the perspective of tax normalization today , while also stating that it will closely examine the details during the National Assembly's deliberation process and make supplementary adjustments if necessary. SBS Aug 4, 2026 12:52 PM