Global Economic Times

2026.07.22 (Wed)
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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 Jae-myung Labels Fake News and Comment Manipulation as "Grave Crimes Against Democracy": (C) VOI SEOUL – President Lee Jae-myung underscored the severity of public opinion manipulation on Sunday, describing fak ...; KO YONG-CHUL Reporter 2026.01.18

Long Queues in Sub-zero Temperatures: Hello Kitty Meets Jisoo as MZ Generation Flocks to Pop-up Store: (C) CJ Onstyle SEOUL – Despite the biting mid-winter cold, a long line of eager fans stretched down the street in front o ...; Shin Yeju 2026.01.18

South Korea Deploys 'Monster Missile' Hyunmoo-5 to Target Underground Bunkers: (C) South China Morning Post SEOUL – The South Korean military has reportedly begun the operational deployment of the "Hyun ...; Yim Kwangsoo Correspondent 2026.01.18

Elon Musk Sues OpenAI and Microsoft for $134 Billion, Alleging "Deception" and "Broken Promises": (C) KMJ SAN FRANCISCO – Elon Musk, CEO of SpaceX and xAI, has intensified his legal battle against OpenAI and its partner ...; Eunsil Ju Reporter 2026.01.18

The Rise and Fall of ‘Young Forty’: Why Korea’s Youth Are Mocking Trendy Middle-Aged Men: (C) Youtube SEOUL — A trendy middle-aged man dressed in a Stüssy t-shirt, wearing limited-edition Nike sneakers, and ...; Global Economic Times Reporter 2026.01.18

China’s People’s Daily Highlights Kim Ku’s Anti-Japanese Legacy: "A Pioneer of Korea-China Friendship": (C) Foundation Kim Ku BEIJING – In a move seen as a strategic diplomatic gesture toward Seoul, the People’s Daily, ...; Eugenio Rodolfo Sanabria Reporter 2026.01.16

"Newborn Heading Home": Handwritten Sign Moves Hearts on Korean Roads: (C) Threads In an era where road rage and aggressive driving often dominate the headlines, a simple, handwritten sign on the ba ...; Kim Sungmoon Reporter 2026.01.16

Actress Nana Cleared of Charges After Robber’s "Counter-Lawsuit" Ruled Self-Defense: (C) SOOJIB GURI, South Korea — Police have officially cleared Nana (Im Jin-ah), an actress and former member of the girl ...; Min Gyu Mi Reporter 2026.01.16

Daewoo E&C Takes the Lead in $8 Billion Gadeokdo Airport Project After Rivals Exit: (C) Namuwiki The Gadeokdo New Airport project, South Korea’s most ambitious maritime infrastructure venture, is entering ...; KO YONG-CHUL Reporter 2026.01.16

Prime Minister Kim Announces 20 Trillion Won Support for New "Integrated Special Cities": SEOUL – In a landmark move to decentralize national growth, Prime Minister Kim Min-seok announced on Friday a massive suppor ...; Desk 2026.01.16

Coupang Begins Disbursing 50,000 Won Compensation Coupons Following Data Breach: SEOUL — E-commerce giant Coupang has officially begun distributing compensation to 33.7 million users affected by a recent m ...; KO YONG-CHUL Reporter 2026.01.15

Lotte Chairman Shin Dong-bin Declares Strategic Shift: "Break Away from Familiarity": (C) The Investor Lotte Group Chairman Shin Dong-bin has announced a major transformation in the group’s management strategy ...; Hwang Sujin Reporter 2026.01.15

US Navy Sailor Sentenced to 16 Years for Selling Amphibious Assault Ship Secrets to China: (C) USIN News SAN DIEGO – A former U.S. Navy petty officer was sentenced to more than 16 years in federal prison on Monda ...; Sharon Yoon Correspondent 2026.01.13

Special Prosecutor Seeks 15-Year Sentence for Ex-Minister Lee Sang-min Over Insurrection Charges: (C) Lee Sang-min | The Guardian Nigeria News SEOUL – In a final court hearing on Monday, the special prosecution team led ...; KO YONG-CHUL Reporter 2026.01.12

President Lee Signals Crackdown on "Harmful" Religious Sects Amid Calls for Dissolution: (C) La Razon SEOUL — President Lee Jae-myung on Monday took a firm stance against controversial religious groups, includi ...; KO YONG-CHUL Reporter 2026.01.12

The "Lee Boo-jin Effect": Samsung Heiress Spotted in $130 Domestic Dress, Not Luxury Labels: (C) Freeview.ph SEOUL — Lee Boo-jin, CEO of Hotel Shilla and a prominent member of the Samsung family, has once again cap ...; Hwang Sujin Reporter 2026.01.11

From 'Maduro Gray' to 'Hwang Hana Parka': Why Negative News Drives Fashion Consumption: The "Blame Look" phenomenon—where fashion items worn by individuals embroiled in social scandals or criminal allegations bec ...; Desk 2026.01.11

National and Basic Pension Payouts to Rise by 2.1% This Year: Recipients of the National Pension and Basic Pension will see a 2.1% increase in their monthly benefits starting this year. The M ...; KO YONG-CHUL Reporter 2026.01.11

Yoon’s Unprecedented Delay Tactics: Final Sentencing Recommendation Rescheduled for the 13th: SEOUL – The first-instance final hearing for former President Yoon Suk Yeol, charged with leading an insurrection, was exten ...; KO YONG-CHUL Reporter 2026.01.10

South Korea's Air Passenger Traffic Hits All-Time High in 2025: Travelers Shift Focus from SE Asia to Japan and China: (C) KED Global SEOUL – South Korea’s aviation industry reached a historic milestone in 2025, with total air passen ...; Desk 2026.01.10