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DP Holds Public Briefing to Persuade Citizens... PPP Urges Presidential Veto The Democratic Party, which pushed through the revision of the Criminal Procedure Act, held a public reporting session, but debate erupted even within the party. SBS Aug 4, 2026 6:27 AM

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Navy Mobilizes to Blast Waterways to Prevent Nuclear Power Plant Cooling Water Shortages Europe is suffering from severe water shortages due to heatwaves and droughts. A lack of cooling water for power plants is leading to an energy crisis. SBS Aug 4, 2026 6:24 AM

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Transformers Blow and Blackouts Hit Nationwide: Residents Evacuate to Cars and Community Centers With many households running their air conditioners constantly amid the scorching heat, surging power consumption has caused blackouts in various areas, leaving residents sleepless through tropical nights. SBS Aug 4, 2026 6:21 AM

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Seoul Hits 38°C Today… Hottest Day of the Year Daytime temperatures in Seoul are expected to soar up to 38°C, marking the hottest day of the year so far. SBS Aug 4, 2026 6:18 AM

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First Severe Heat Wave Alert Issued for Capital Area... Heat-Related Illnesses Exceed 2,000 As the center of the extreme heat wave baking the country shifts from the Yeongnam region to the western parts, the highest level of heat wave alert has been issued for the capital area for the first time. SBS Aug 4, 2026 6:17 AM

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PPP Slams Tax Reform as 'Tax Extortion'... DP Watching Closely The People Power Party has defined the latest tax reform plan as a tax hike. Meanwhile, the Democratic Party is adopting a cautious stance while monitoring public sentiment. SBS Aug 4, 2026 6:14 AM

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Capital Gains Tax Reform to Abolish 'Holding' Deduction and Focus Solely on 'Residency' with Up to 80% Cap Even if you own a house for a long time, you will no longer receive capital gains tax deductions upon sale unless you actually live in it. SBS Aug 4, 2026 6:12 AM

Trump Pressures U.S. Oil Companies Making a Fortune from Iran War to Lower Retail Prices gas station sign U.S. President Donald Trump renewed pressure on oil companies that have raked in massive profits from surging global oil prices driven by the Iran war, demanding that they lower prices for consumers on local time 3. SBS Aug 4, 2026 6:11 AM

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Comprehensive Real Estate Tax to Apply to Homes Valued at 2 Billion Won and Up; Heavier Burden for Non-Residents The government has announced this year's tax reform package. The core focus is on real estate taxes, with the main objective of increasing the tax burden on high-priced and non-resident homes. SBS Aug 4, 2026 6:09 AM

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Morning Wide: Today's Major News 1. Comprehensive Real Estate Holding Tax Goes Up for Non-Residents and Ultra-High-Priced Homes.. SBS Aug 4, 2026 6:05 AM