SBS News

Foreigners' Card Spending in Korea Hits Record High of $4.86 Billion in Q2, Up 36% According to the "Overseas Card Use by Residents in the Second Quarter" data released by the Bank of Korea today , non-residents' card spending within South Korea during this period reached $4.86 billion (approximately 6.5793 trillion won), up 36.1% from the previous quarter . SBS Sep 2, 2026 2:14 PM

First 27 Self-Regulatory Reviews on Fake and Fabricated Information Result in Zero Deletions The Korea Internet Self-Governance Organization , an internet self-regulatory body, has disclosed its review status for fake and fabricated information for the first time since the implementation of the amended Act on Promotion of Information and Communications Network Utilization and Information Protection, Etc. SBS Sep 2, 2026 2:11 PM

Advertisements for AI Products and Concentration Enhancers to Face Verification Requirements Advertisements using expressions such as "improving concentration and memory" or "harmless ingredients to the human body" may also be required to submit verification data upon the request of the Fair Trade Commission . SBS Sep 2, 2026 2:09 PM

Video Article

Former KFA President Chung Mong-gyu Appears Before Police: "No Unfair Interference" Former Korea Football Association President Chung Mong-gyu, who is suspected of unfairly intervening in the appointment process of former national football team head coach Hong Myung-bo, appeared before the police today . SBS Sep 2, 2026 2:07 PM

Director Park Chan-wook Returns with Revenge Thriller, Teases 'The Brigands of Rattlecreek' As His 'Most Brutal' Film Yet Director Park Chan-wook has previewed his upcoming project "The Brigands of Rattlecreek," describing it as the most brutal film among his works. SBS Star Sep 2, 2026 2:06 PM

Overseas Financial Account Reports Exceed 100 Trillion Won in 3 Years Driven by Stocks... Overseas Trusts Hit 3.8 Trillion Won Including overseas trust reports, total overseas assets reached 111 trillion won. SBS Sep 2, 2026 2:06 PM

KOCCA Inspection Reveals Lashing Deficiencies and Fall Risks on Ro-Ro Ships The Korea Consumer Agency announced the results of its safety inspection today covering 25 ports nationwide and 13 routes operated by passenger ferries and passenger-cargo vessels. SBS Sep 2, 2026 2:01 PM

Lee Hyung-il: 'Residence-Centered Housing Market Is Government's Direction... Reasonable Demands Will Be Reflected' Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated today that "settling a residence-centered housing market is a certain direction the government has in mind." Amid calls from some members of the ruling party to eliminate the distinction between non-residents and actual residents regarding the basic comprehensive real estate holding tax deduction for single-home owners, this is interpreted as a stance that the distinction providing benefits to actual residents should be maintained. SBS Sep 2, 2026 1:59 PM

Rhee Hyung-il: "Wondering If Inheritance Tax Reform Alone Can Resolve 'Stock Price Suppression'" Rhee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated today , "There are concerns over whether amending the Inheritance and Gift Tax Act alone can resolve 'stock price suppression'." During a press conference at the Government Complex-Sejong this morning, Nominee Rhee shared this perspective, saying, "For this to be resolved, the development of the capital market must take precedence, and the answers will emerge together in that process." "Stock price suppression" refers to the practice of companies intentionally lowering their stock prices to reduce inheritance and gift taxes during the management succession process. SBS Sep 2, 2026 1:57 PM

Lee Hyung-il: "Must Exercise Leadership as Deputy Prime Minister... Frequent Coordination with Cheong Wa Dae on Core Issues" Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Economy and Finance, stated today that he will newly establish an economic issues meeting as a platform for economic ministers and Cheong Wa Dae to coordinate major policies. SBS Sep 2, 2026 1:56 PM