SBS News

Korea Federation of SMEs Announces Emergency Support for Flood-Hit Small Businesses in Gyeongsangnam-do Small businesses and micro-enterprises enrolled in the Yellow Umbrella mutual aid program who have suffered damage can immediately receive natural disaster mutual aid payouts upon submitting a "Disaster Damage Confirmation Certificate" or "Disaster-Stricken Small and Medium Enterprise Confirmation" issued by local governments. SBS Aug 21, 2026 10:38 AM

Consumer Inquiries Over Infant Mat Recalls Surge 422%, Peaches Up 244% The Korea Consumer Agency announced today , alongside the National Council of Consumer Organizations, that an analysis of consumer counseling cases received through the 1372 Consumer Counseling Center in July showed a sharp increase in inquiries related to mats and peaches. SBS Aug 21, 2026 10:38 AM

Mid-August Exports Jump 56%... Semiconductor Share Hits Record High at 47.2% The proportion of semiconductors in total exports reached 47.2%, nearing half and marking a record high for the August 1–20 period. SBS Aug 21, 2026 10:37 AM

Riot Games Ends New Development on Fighting Game '2XKO' Amid Low Popularity On August 20 , Riot Games announced, "We have concluded that the number of 2XKO players is not sufficient to establish a foundation for continued development," adding, "We will end new development by the end of 2026." According to Riot Games, the 2XKO servers will continue to operate beyond 2026, and two new champions along with a final bug fix patch are scheduled for release by December. SBS Aug 21, 2026 10:34 AM

Samsung, LG Sweep International Design Awards with 45 and 17 Wins at IDEA Samsung Electronics announced today that it received a total of 45 awards at "IDEA 2026," an international design competition hosted by the Industrial Designers Society of America , including 1 newly established Impact Award, 9 Bronze prizes, and 35 finalists. SBS Aug 21, 2026 10:34 AM

Korea Securities Depository Signs First Contract for Foreign Investor Treasury "One-Stop Financing" This service allows the KSD to act as a custodian and standing proxy for foreign investors, supporting securities financing transactions such as repurchase agreements , over-the-counter derivative collateral, and securities lending and borrowing linked to an omnibus account for treasury bonds. SBS Aug 21, 2026 10:32 AM

Venture Enterprise Association Expresses Regret Over Pharmaceutical Act Revision Restricting Delivery Platforms This is an instance where small innovations by startups were thwarted by entry regulations in emerging industries and vested interests of traditional interest groups." The association continued, "To achieve the government's goals of making South Korea one of the top four venture powerhouses and opening an era of 40 trillion won in annual venture investment, we must first overhaul the fundamental application principles for industrial regulations. SBS Aug 21, 2026 10:32 AM

Consumer Goods Exports to China Show Upward Trend in H1; Government Aims to Maintain Momentum Through Year-End The Ministry of Trade, Industry and Energy announced that it held a video conference today chaired by Minister Kim Jeong-kwan, attended by commercial attachés at diplomatic missions in China and heads of Korea Trade-Investment Promotion Agency regional trade offices in China, to review consumer goods exports to the country. SBS Aug 21, 2026 10:30 AM

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July Producer Prices Fall on Drop in Global Oil Prices Driven by falling global oil prices, the producer price index dropped last month for the first time in 11 months. SBS Aug 21, 2026 10:30 AM

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Hyundai Motor Union Launches Full Strike for First Time in 10 Years Amid Impasse The Hyundai Motor union has gone on a full strike for the first time in 10 years due to difficulties in wage negotiations. SBS Aug 21, 2026 10:28 AM