Global Economic Times

2026.07.20 (Mon)
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FSC Slams Young Poong with Record $14.7 Million Fine Over Deliberate Accounting Fraud

SEOUL — South Korea’s financial regulator has handed down a record-breaking 20.47 billion won (approximately $14.7 million USD) fine to Young Poong Corp., a major non-ferrous metal slacker
Korean Independence Flag Raised at NYC's Waldorf Astoria Restored to Original Glory

SEOUL — A historic South Korean national flag (Taegeukgi), which bore witness to the fierce diplomatic struggle for independence on the global stage, has successfully been restored to its origin

FRAUD AT THE GATES: PROSECUTORS TAKE ON ILLEGAL APARTMENT SUBSCRIPTIONS IN DONGTAN 2 NEW TOWN

SEOUL — Four individuals who illicitly secured highly coveted apartment subscriptions in Gyeonggi Province's Dongtan 2 New Town through fraudulent residency registrations and administrative

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President Lee Advocates Swift Debt Forgiveness, Dismissing "Moral Hazard" Concerns as "Irresponsible Demagoguery": SEOUL — In a sweeping policy directive, President Lee Myung-yeo urged financial authorities to implement swift and aggressiv ...; Hwang Sujin Reporter 2026.07.16

Rising Tide of 'AI Nationalism' and 'National Dividend': All Eyes on U.S. Political Moves: As Artificial Intelligence (AI) poised to generate unprecedented economic windfalls, a powerful wave of "AI Nationalism" is surfac ...; Desk 2026.07.13

Dunamu Appointed to Manage Seized Crypto Assets: 100% Liability and 24/7 Response Mandates Spark Industry Debate: Your PDF file is ready crypto_custody_reportPDF열기 요청하신 기사 내용을 바탕으로, 뉴스 리포트 형식의 완성도 높은 영어 기사를 작성하고 이를 전문적인 레이아웃의 PDF 파일로 생성하였습니다 ...; Global Economic Times Reporter 2026.07.13

Gov’t Accelerates Statutory ESG Disclosures, Sending Shockwaves Through Major Conglomerates: SEOUL — South Korea's major conglomerates have been thrown into a state of panic following the government's sudden decision ...; Hwang Sujin Reporter 2026.07.09

Hanwha Aerospace Forges Alliance with 49 Partners to Boost South Korea's Aviation Engine Ecosystem: CHANGWON, South Korea — Hanwha Aerospace has officially launched a comprehensive initiative to cultivate a robust, fully dom ...; Desk 2026.07.09

Fleeing Seoul: The Jeonse Crisis Spills Over into Gyeonggi Province: As the scarcity of jeonse (long-term lump-sum deposit rental) housing continues to worsen, the rental crisis in Gyeonggi Province ...; Desk 2026.07.08

NATO Alliance Overcomes "K-Defense": Lessons from Canada’s Submarine Selection: The "K-Defense" juggernaut, which has achieved remarkable global success, has hit a wall in the North Atlantic. South Korea’ ...; Global Economic Times Reporter 2026.07.08

South Korea-Mexico High-Level Policy Consultation Held... Discussing Expanded Cooperation in AI, Space, and FTA: (c) Ministry of Foreign Affairs South Korea and Mexico have agreed to expand cooperation in various fields including Artificial I ...; KO YONG-CHUL Reporter 2026.07.07

NATO Declares European Allies Have Largely Offset US Troop Reductions: NATO has announced that European allies have successfully filled most of the security gaps created by the reduction of US forces s ...; Eugenio Rodolfo Sanabria Reporter 2026.07.04

South Korean National Assembly Rebuts U.S. House Judiciary Committee’s Criticism Over Coupang Hearing: SEOUL — The National Assembly of the Republic of Korea issued a formal statement on July 3, expressing deep regret and refut ...; Hwang Sujin Reporter 2026.07.03

Former Lawmaker Yoo Seong-min Booked by Police Over Allegations of Nepotism in Daughter’s Faculty Appointment at Incheon National University: INCHEON — The Incheon Metropolitan Police Agency’s Anti-Corruption and Economic Crime Investigation Unit announced on ...; KO YONG-CHUL Reporter 2026.07.03

U.S. and South Korea Clash Over Investigation into Coupang Amid Trade Concerns: SEOUL — The diplomatic tension between Washington and Seoul has escalated following a recent report by the U.S. House Judici ...; Desk 2026.07.03

Can AI Help Us Decode the Language of Animals? The Dawn of Interspecies Communication: Imagine a world where you could finally understand exactly what your dog is trying to tell you when it barks while wagging its tai ...; Global Economic Times Reporter 2026.07.03

Experiencing Eight Islands with Your Entire Body: A Preview of the 2026 Yeosu World Island Exhibition: From landmark theme islands to future islands… 8 exhibition halls experienced through cutting-edge technologyCulture, treas ...; Global Economic Times Reporter 2026.07.02

NIA Launches ‘AI Policy Center’ to Bridge Policy, Legal Frameworks, and Industrial Reality: SEOUL — South Korea has taken a significant step toward its ambition of becoming one of the world’s top three (G3) art ...; Kim Sungmoon Reporter 2026.07.01

Seoul Court Sentences Former First Lady Kim Keon-hee to Seven Years for Influence Peddling: SEOUL – In a landmark ruling that has sent shockwaves through the South Korean political landscape, the Seoul Central Distri ...; KO YONG-CHUL Reporter 2026.06.29

South Korea Lodges Protest After Chinese and Russian Warplanes Breach KADIZ: SEOUL – The South Korean Ministry of National Defense issued a stern protest on June 28, 2026, following the unauthorized en ...; KO YONG-CHUL Reporter 2026.06.29

Escalating Crisis: Teenage Drug Offenders Caught in Repeat Crimes Amidst "Telegram Drug Events": INCHEON, South Korea — A disturbing trend of adolescent drug abuse has reached a new breaking point, as a 17-year-old girl, ...; Min Gyu Mi Reporter 2026.06.29

Kakao Union Stages "Logout Day" Strike Amidst Stalled Bonus Negotiations: PANGYO, South Korea – Kakao, the operator of South Korea's dominant messaging platform, is facing renewed industrial action ...; Desk 2026.06.29

6223 Future Forum, Guest Speaker Kim Jin-myung… Ulsan Dreams of Leaping into a Future Cultural City through the Spirit of Hangeul: (C) 6223 Future Forum The '6223 Future Forum,' a key organization proposing future policies for Ulsan, successfully held its seco ...; Global Economic Times Reporter 2026.06.28

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