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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Libyan Army Chief Pledges Support for Unity as New UN Envoy Begins Mission: Tripoli, Libya – Lieutenant General Muhammad Al-Haddad, Chief of General Staff of the Libyan Army, has reaffirmed his commit ...; Ana Fernanda Reporter 2025.03.08

Libyan Prime Minister Launches Major Investment Mall Project, Aiming for 17-Month Completion: Tripoli, Libya – Prime Minister Abdul Hamid Dbeibah has officially launched the completion project for the "Zumurrud Investm ...; Ana Fernanda Reporter 2025.03.08

Jeju to Expand 'Car-Free Street Walking' Event: Promoting Health, Carbon Neutrality, and Local Economy: Jeju Island plans to expand its 'Car-Free Street Walking' event, which was piloted last year. The decision was made at the first m ...; Desk 2025.03.07

Jeju's Tamnaneunjeon QR Payment Service Expands Nationwide and Globally: Jeju, South Korea – Jeju Island is set to launch a new QR code payment system for its local currency, "Tamnaneunjeon," in Ma ...; Hwang Sujin Reporter 2025.03.07

Jeju Island Bans Single-Use Products in Public Sector and Strengthens Private Collaboration Starting 2025: Jeju Special Self-Governing Province has announced its '2025 Action Plan to Reduce Single-Use Products' to completely ban the use ...; Yim Kwangsoo Correspondent 2025.03.07

Landmark Bill Passed: Private School Teachers in Korea to be Allowed Secondments: On the 27th of last month, the National Assembly of South Korea passed an amendment to the Private School Act, allowing private sc ...; Desk 2025.03.07

South Korea Invests in Digitalizing Cyber Universities for Enhanced Online Education: Seoul, South Korea – The South Korean Ministry of Education, in collaboration with the Korea Education and Research Informat ...; Min Gyu Mi Reporter 2025.03.07

AI Counseling Chatbot 'Sangnyangyi' Gains Attention as a Problem Solver for Youth: March marks the beginning of a new school year, a time filled with both excitement and anxiety for many young students. Concerns a ...; Hwang Sujin Reporter 2025.03.07

Korean Ministry of Education Launches Comprehensive Textbook Book Database on "Reading Road" Platform: Seoul, South Korea – The Korean Ministry of Education, in collaboration with the Korea Education and Research Information Se ...; Min Gyu Mi Reporter 2025.03.07

South Korean Teens Grapple with Smartphone Over-Dependence: Calls for Regulation Intensify: A recent surge in smartphone over-dependence among South Korean adolescents has sparked growing concerns, prompting calls for stri ...; Eunsil Ju Reporter 2025.03.07

Shinhan Bank Faces Second Financial Accident This Year, Employee Embezzles 1.7 Billion Won: Shinhan Bank, one of South Korea's major commercial banks, has reported its second financial accident this year, involving an empl ...; Global Economic Times Reporter 2025.03.07

Gyeonggi Education Office Requests Police Investigation for Children Absent from Preliminary Elementary School Enrollment: The Gyeonggi Provincial Office of Education has requested a police investigation for children who did not attend the preliminary e ...; Min Gyu Mi Reporter 2025.03.07

Korea's Largest Pet Festival, '2025 DangDang Trekking,' to be Held at High1 Resort: High1 Resort, Gangwon Province - The highly anticipated '2025 DangDang Trekking,' Korea's largest pet festival expecting over 10,0 ...; Hwang Sujin Reporter 2025.03.07

Soothing Scandinavian Sauna to Grace Inje's Gaetgol Nature Recreation Forest: INJE, South Korea – The serene Gaetgol Nature Recreation Forest in Inje County is set to elevate its tranquil offerings with ...; Desk 2025.03.07

Gangneung City to Transform into a Leading Garden and Arboretum Destination: Gangneung City is embarking on an ambitious project to establish itself as a premier garden and arboretum city, aiming to combat c ...; Hwang Sujin Reporter 2025.03.07

Illegal Course Trading Thrives on South Korean University Campuses: GANGWON PROVINCE, South Korea - With the start of the new semester, a disturbing trend has emerged in South Korean universities: t ...; Hwang Sujin Reporter 2025.03.07

Organized Online Fraud Ring Busted, Victims Left with Little Recourse: A sophisticated criminal organization engaged in online marketplace fraud has been dismantled, revealing a complex network that vi ...; Desk 2025.03.07

Daegu's Nam-gu District Pushes Forward with Apsan Monorail Project Amidst Opposition: Daegu's Nam-gu District Office has announced its intention to proceed with the Apsan Monorail installation project, which has been ...; Hee Chan Kim Reporter 2025.03.07

55 Fast Food Restaurants in South Korea Cited for Violating Food Sanitation Laws: SEOUL, South Korea – Fifty-five fast food restaurants across South Korea, known for selling popular items like tteokbokki (s ...; Hwang Sujin Reporter 2025.03.07

South Korea Launches Nationwide Crackdown on Drug Crimes, Leveraging AI Technology: Seoul, South Korea – In a decisive move to combat the escalating drug crisis, the South Korean government has announced a co ...; Yim Kwangsoo Correspondent 2025.03.07