Global Economic Times

2026.07.21 (Tue)
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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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K-Security Under Siege: Rising Cyber Threats Meet Stagnant Investment: (C) NK News SEOUL — As the proliferation of Artificial Intelligence (AI) and cloud computing transforms the global digita ...; Global Economic Times Reporter 2026.02.15

Monopoly and High Commissions: The Bitter Truth Behind South Korea’s Overpriced Rest Stop Food: SEOUL — For decades, the South Korean highway rest area has been a symbol of the "road trip experience," offering a quick bi ...; Global Economic Times Reporter 2026.02.15

AI Vision: New Neuromorphic Chip Detects Motion 4 Times Faster Than Human Eye: (C) Inside Telecom BEIJING – A research team in China has developed a breakthrough semiconductor chip that mimics the human ...; Hee Chan Kim Reporter 2026.02.13

Seollal Holiday Rush Begins: Afternoon Traffic Congestion Expected Today: (C) Busanpedia SEOUL — As the Lunar New Year (Seollal) holiday officially kicks off, millions are preparing for the "Grea ...; Min Gyu Mi Reporter 2026.02.13

Chinese Tourists Depart Korea After Allegedly Assaulting Gyeongbokgung Guard; Outcry Over "Law Enforcement Gap": (C) Channel A SEOUL — Public indignation is mounting in South Korea after two Chinese tourists, accused of assaulting a s ...; KO YONG-CHUL Reporter 2026.02.13

Korea-Italy Strategic Dialogue Held: Strengthening Cooperation in High-Tech Industries and Follow-up on Summit Diplomacy: (c) Ministry of Foreign Affairs First Vice Foreign Minister Park Yun-joo held the 2nd Korea-Italy Strategic Dialogue with Maria ...; KO YONG-CHUL Reporter 2026.02.12

The South Korean AI Basic Act: A Boon for Innovation or a Gift to Global Big Tech?: (C) Korea Tech Today SEOUL — As the AI race intensifies globally, South Korea finds itself at a crossroads between foster ...; ONLINE TEAM 2026.02.11

"Legacy Can Wait": South Korea Boosts Reverse Mortgage Payments to Tackle Elderly Poverty: (C) The Scan Foundation SEOUL — The traditional Korean sentiment of passing down the family home to one’s children ...; Desk 2026.02.11

Participation in the 1st APEC Senior Officials’ Meeting… Discussions on Succeeding the Achievements of the 2025 Summit: (c) Ministry of Foreign Affairs The Korean government participated in the first Asia-Pacific Economic Cooperation (APEC) Senior ...; KO YONG-CHUL Reporter 2026.02.11

Parnas Hotel to Redefine Luxury Aging with ‘Soyo Hannam’ Launch in March: (C) Parnas Hotel SEOUL — Parnas Hotel, a premier name in South Korea’s hospitality sector, officially announced on ...; JEONG CHAN MYEONG Senior Reporter 2026.02.09

Army Attack Helicopter Crashes During Training in Gapyeong; Two Pilots Confirmed Dead: (C) AI Arabiya GAPYEONG, South Korea — A South Korean Army attack helicopter crashed during a specialized training maneuv ...; Yim Kwangsoo Correspondent 2026.02.09

Prosecutors Seek Arrest Warrants for Rep. Kang Sun-woo and Former Councilor Kim Kyung Over ‘Nomination Bribery’ Scandal: SEOUL – The Seoul Central District Prosecutors' Office has formally requested arrest warrants for independent lawmaker Kang ...; KO YONG-CHUL Reporter 2026.02.09

Ambassador for Arctic Affairs Chung Byung-ha Attends ‘Arctic Frontiers 2026’… Discusses Strengthening Arctic Cooperation: (C) Ministry of Foreign Affairs Chung Byung-ha, the Ministry of Foreign Affairs' Ambassador for Arctic Affairs, attended the &ls ...; KO YONG-CHUL Reporter 2026.02.07

Ministry of Health to Overhaul National University Hospitals: Shift to Vital Healthcare Hubs Begins this August: SEOUL — In a landmark shift aimed at restructuring South Korea’s medical landscape, the Ministry of Health and Welfare ...; KO YONG-CHUL Reporter 2026.02.05

"Climate Intelligence" to Shape National Competitiveness: 6223 Future Forum Concludes 9th Symposium: (C) LEE YEON-SIL The "6223 Future Forum," a private policy platform seeking mid-to-long-term future strategies for South Korea, ...; LEE YEON SIL Reporter 2026.02.04

Daejeon City Visits Sapporo, Japan for 15th Anniversary of Sister City Relationship… Strengthening Economic and Cultural Cooperation: (C) Daejeon Metropolitan City To mark the 15th anniversary of their sister city relationship, Daejeon Metropolitan City will vis ...; HONG MOON HWA Senior Reporter 2026.02.03

Fire Breaks Out at SPC Samlip Factory in Siheung: Three Injured, Dozens Evacuated: SIHEUNG – A significant fire erupted on Tuesday afternoon at the SPC Samlip Sihwa Plant in Siheung, Gyeonggi Province, promp ...; Kim Sungmoon Reporter 2026.02.03

Disney Shares Plunge Despite Earnings Beat as “Trump Effect” Clouds Outlook: (C) AllEars.net BURBANK, CA — The Walt Disney Company delivered a double-edged sword to Wall Street on Monday. While the ...; Graciela Maria Reporter 2026.02.03

Musk Announces SpaceX Acquisition of xAI: A $1.25 Trillion "Interstellar Engine": (C) WCCFTech HAWTHORNE, CA — Elon Musk, the visionary CEO of SpaceX and Tesla, has officially announced that SpaceX will ...; Eugenio Rodolfo Sanabria Reporter 2026.02.03

Prosecutors Indict Pastor Jun Kwang-hoon for Inciting Violent Court Protest: (C) The Japan Times SEOUL – The Seoul Western District Prosecutors’ Office announced Tuesday that it has indicted J ...; KO YONG-CHUL Reporter 2026.02.03