Global Economic Times

2026.07.23 (Thu)
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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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Sejong City Affixes "Excellent Architectural Asset" Plaques to Culturally Significant Buildings: Sejong City has taken a significant step in preserving its cultural heritage by attaching "Excellent Architectural Asset" plaques ...; HONG MOON HWA Senior Reporter 2025.03.16

Busan's Autumn Festivals Shift Dates to Avoid National Sports Festival and Chuseok Rush: BUSAN - Local governments in Busan are proactively adjusting their autumn festival schedules to avoid clashing with the 106th Nati ...; KO YONG-CHUL Reporter 2025.03.16

Over 60% of Groundwater Tested Unsuitable for Drinking: With a population of 330,000 still relying on groundwater, a significant portion of it has either never been tested for quality or ...; Desk 2025.03.16

South Korea Denies Abduction of North Korean Defectors in Vietnam: Seoul, South Korea – The South Korean Ministry of Foreign Affairs has vehemently denied claims by a North Korean human right ...; ONLINE TEAM 2025.03.16

Chinese Couple Arrested for Illegal Entry Attempt via Rubber Boat: Incheon, South Korea – The South Korean Coast Guard has apprehended two Chinese nationals in their 30s for attempting to ill ...; Min Gyu Mi Reporter 2025.03.16

Surge in Consulate Impersonation Scams Targets Korean Communities in North America: A disturbing trend of scammers impersonating officials from the South Korean Embassy and Consulates has emerged across North Ameri ...; Eunsil Ju Reporter 2025.03.16

South Korea Considers Introducing Mail-in and Electronic Voting for Overseas Citizens: The South Korean National Assembly has proposed amendments to the Public Official Election Act to introduce mail-in voting and, ev ...; KO YONG-CHUL Reporter 2025.03.16

Korea and Japan Finalize Logo and Slogan for 60th Anniversary of Diplomatic Normalization: A New Step Towards the Future: SEOUL/TOKYO – The governments of South Korea and Japan have announced the finalization of the official logo and slogan to co ...; KO YONG-CHUL Reporter 2025.03.16

South Korea Added to US 'Sensitive Country' List, Diplomatic Fallout Expected South Korea Classified as 'Other Designated Country' in US SCL: The United States' decision to add South Korea to the lowest tier of its 'Sensitive and Other Designated Countries List (SCL)' in ...; Desk 2025.03.16

Daejeon Jung-gu Park Golf Association Forms Massive Leadership Team, Pledges New Course: Daejeon, South Korea – The Daejeon Jung-gu Park Golf Association, led by President Oh No-kyun, has announced the formation o ...; HONG MOON HWA Senior Reporter 2025.03.16

U.S. and Philippine Naval Special Forces Strengthen Ties in Joint Training Exercise: EL NIDO, Philippines – U.S. Naval Special Warfare (NSW) operators and the Philippine Naval Special Operations Unit (NAVSOU) ...; Graciela Maria Reporter 2025.03.15

Electricity Becomes New Flashpoint in US-Canada Trade Relations: A recent trade dispute between the United States and Canada has escalated, with electricity emerging as a key point of contention. ...; Eugenio Rodolfo Sanabria Reporter 2025.03.15

Surge in Jeonse Fraud Victims Prompts Extension of Support Act in South Korea: Seoul, South Korea - The ongoing Jeonse (lump-sum deposit lease) fraud crisis in South Korea has led to a significant increase in ...; ONLINE TEAM 2025.03.15

Portable Battery Short Circuit Suspected in Air Busan Fire Incident: Gimhae, South Korea – Preliminary findings from an investigation into the Air Busan aircraft fire at Gimhae International Ai ...; Yim Kwangsoo Correspondent 2025.03.15

Nationwide Issuance of Mobile Resident Registration Cards Begins in South Korea: Seoul, South Korea – The Digital Government Platform Committee has announced the nationwide launch of mobile resident regist ...; Hwang Sujin Reporter 2025.03.15

Dodram Wins Excellence Award in Social Media Buzz at the 2024 Korea Pop-up Store Awards: Seoul, South Korea – Dodram, a leading South Korean meat processing company, has been awarded the Excellence Award in the So ...; Desk 2025.03.15

KCC E&C's 'Resurrection of Family' Wins Grand Prix at 32nd Korea Advertising Awards: SEOUL, South Korea – KCC Engineering & Construction (KCC E&C) has been awarded the Grand Prix, the top honor across ...; Desk 2025.03.14

GS E&C Unveils Revamped 2025 Talent Development Program to Bolster Global Competitiveness: GS Engineering & Construction (GS E&C) has announced a significant overhaul of its talent development program for 2025, ai ...; Global Economic Times Reporter 2025.03.14

Thousands Demand Monarchy's Return in Nepal as Former King Arrives in Kathmandu: KATHMANDU, Nepal – A surge of support for Nepal's former King Gyanendra Shah was evident on Sunday as thousands of his loyal ...; Pedro Espinola Special Correspondent 2025.03.14