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News

SBS News
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Will Samsung and SK Hynix Rebound If You Hold On? One Crucial Factor to Consider (ft. Dr. Kim Hyo-jin, Shinyoung Securities)

1+ hour, 33+ min ago   (98+ words) (Produced by: Kim Soo-hyung | Hosted by: Jeong Yu-mi | Writer: Park Jung-rye | Editing: Kim Bok-hyung, Kim Hye-ju | Filming: Kim Sang-yoon, Hwang Se-hoe | CG: Jeong Yu-min | Directed by: Cho Do-hye | Production: SBS Digital News) Hanwa Expands Stake in KAI Beyond 15%, Expecting Space,…...

SBS News
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Hanwa Expands Stake in KAI Beyond 15%, Expecting Space, Aviation, and Defense Cooperation

2+ hour, 29+ min ago   (513+ words) ▲ Korea Aerospace Industries (KAI) by Hanwha Group Hanwha Group's stake in Korea Aerospace Industries (KAI) has surpassed 15%. As the second-largest shareholder of KAI, Hanwha plans to expand business cooperation and strengthen its competitiveness in the space, aviation, and defense sectors....

SBS News
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ENHYPEN Successfully Wraps Up Busan Concert and Pre-releases New Album Title Track

3+ hour, 43+ min ago   (239+ words) The agency for ENHYPEN announced that the group has successfully concluded the ENHYPEN World Tour 'Blood Saga' in Busan over the past weekend. During their concerts held at the Busan Sajik Indoor Gymnasium on August 8 and 9, ENHYPEN performed a total…...

SBS News
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US-Japan Joint Intervention Sparks Expectations of 1.5% BOJ Rate by Next Spring

3+ hour, 14+ min ago   (438+ words) ▲ Bank of Japan Following the joint foreign exchange market intervention by the United States and Japan late last month to buy yen, expectations are spreading in the market that the Bank of Japan will accelerate its interest rate hikes, the…...

SBS News
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Ex-Hoka Korea Distributor CEO Claims Assault Was "Engineered"

2+ hour, 31+ min ago   (380+ words) Cho Sung-hwan, former CEO of Joyworks, the former domestic distributor of the sports brand Hoka who was sent to prosecutors on charges of assaulting former business partner representatives in an abandoned building, has acknowledged his responsibility while claiming that the…...

SBS News
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Better 3% Interest Than Risky Bets: Wonie Trillions Pour Back Into Bank Deposits

4+ hour, 19+ min ago   (544+ words) As the stock market correction prolongs, funds that once flowed into the stock market are returning to bank deposits, a phenomenon known as "reverse money movement." Not only individuals but also corporations are putting their surplus funds into time deposits,…...

SBS News
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2nd Public-Private Meeting on Mega Projects... 'Beyond Speed War to Blitzkrieg"

4+ hour, 56+ min ago   (575+ words) ▲ President Lee Jae-myung talks with Minister of the Interior and Safety Yun Ho-jung during a luncheon to comfort victims of state violence, held on the occasion of the launch of the 3rd Truth and Reconciliation Commission at the Blue House Reception…...

SBS News
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Choo Mi-ae Criticizes Samsung and SK Hynix for Lacking Efforts to Reduce Wastewater Discharge

4+ hour, 35+ min ago   (333+ words) ▲ Gyeonggi Province Governor Choo Mi-ae receives a work report. Gyeonggi Province Governor Choo Mi-ae, who previously issued administrative guidance to Samsung Electronics and SK Hynix to reduce their semiconductor wastewater discharge, has once again pressured the two companies to implement…...

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Supreme Court: Losses in Specific Country Must Be Deducted from Income in Other Countries for Foreign Tax Credit Calculations

5+ hour, 22+ min ago   (645+ words) ▲ Supreme Court of Korea The Supreme Court has ruled that when calculating the foreign tax credit limit for domestic companies with overseas business operations in multiple countries, it is valid to proportionally distribute and deduct losses incurred in a specific…...

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China Tightens Screws on Leveraged Trading as Market Volatility Grows

5+ hour ago   (440+ words) ▲ Chinese national flag As market corrections in China lead to mounting losses for individual investors who borrowed to invest, Chinese securities firms have begun tightening screenings for high-risk investments such as margin trading and options. Citing local sources, Bloomberg reported…...