SBS News

BOK Expects Core-led Underlying Inflation Trend to Continue in September Chairing a meeting to inspect inflation trends this morning, BOK Assistant Governor Lee Ji-ho made the remarks, noting, "(The September inflation rate) will be lower than August due to the fading of base effects." Regarding August consumer inflation, he analyzed, "The growth pace expanded compared to July due to base effects stemming from last year's telecommunications cost discounts, while the capping of petroleum prices and the government's discount policies on agricultural, livestock, and fishery products limited the upward pressure." He added, "Core inflation expanded significantly, driven largely by the impact of base effects while the upward pace of durable goods prices also widened." Looking ahead, he forecasted, "While uncertainties surrounding the Middle East conflict remain high, consumer inflation will likely maintain a high upward trend, centered on core inflation, due to the transmission of cost shocks and expanding demand-side pressures." He also added, "We will monitor the inflation situation with a high sense of vigilance." Statistics Korea announced earlier in the day that the consumer price index for August stood at 120.05 , marking a 3.1% rise from a year earlier. SBS Sep 2, 2026 9:51 AM

Police and Labor Ministry Raid Coupang Logistics Center in Gwangju Following Forklift Crushing Accident Police and the Ministry of Employment and Labor have launched a joint coercive investigation into the Coupang logistics center in Gwangju, Gyeonggi Province, where a worker was injured in a forklift crushing accident. SBS Sep 2, 2026 9:50 AM

Homeplus Rehabilitation Plan to Face Vote at Creditors' Meeting Today, Deciding Its Fate Homeplus, currently undergoing corporate rehabilitation procedures , will put its rehabilitation plan to a vote at a creditors' meeting today . SBS Sep 2, 2026 9:49 AM

Aviation Industry Invests 13.3 Trillion Won in Safety Last Year, Introduces 43 New Aircraft The Ministry of Land, Infrastructure and Transport announced today that it analyzed the 2025 aviation safety investment performance and 2026-2027 investment plans of 17 domestic airlines, Incheon International Airport Corporation, and Korea Airports Corporation, revealing these figures. SBS Sep 2, 2026 9:49 AM

August Agricultural Prices Drop 6.7%, Livestock Rises 1.5% Livestock prices rose by 1.5%, showing a slowed upward trend. The Ministry of Agriculture, Food and Rural Affairs announced on September 2 that this was revealed in the August consumer price index survey compiled by the National Data Agency. SBS Sep 2, 2026 9:46 AM

Video Article

Yong Hye-in, Nominated for Gender Equality and Family Minister, Arrives at Office: "I Know There Are Many Concerns" Yong Hye-in, a lawmaker of the Basic Income Party nominated as the Minister of G… SBS Sep 2, 2026 9:43 AM

Promising Small Business Owners to Get Higher Bank Loans... Pilot Program Launched in Banking Sector Small business owners with high growth potential will now be able to secure higher loan limits from banks through specialized credit scoring . SBS Sep 2, 2026 9:42 AM

FSS to Pilot AI for Civil Petitions and Disputes, Automating Draft Responses The Financial Supervisory Service is accelerating its digital transformation by introducing artificial intelligence to handle civil petitions and disputes starting this month. SBS Sep 2, 2026 9:39 AM

Director Chung Ji-young & Actor Yum Hye-ran to Receive Jeju Film Achievement Award for 'My Name' Director Chung Ji-young and actor Yum Hye-ran, who shared Jeju's painful history with the world through the film "My Name", will receive the Jeju Film Achievement Award from the Jeju Film Festival. SBS Star Sep 2, 2026 9:39 AM

August Inflation Hits 3.1% Driven by Telecom Base Effect South Korea's consumer price inflation rebounded to the 3% range last month for the first time in two months. SBS Sep 2, 2026 9:39 AM