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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South Korean Health Insurance Data Errors Cast Doubt on Foreign Subscriber Impact: SEOUL – The National Health Insurance Service (NHIS) of South Korea has publicly acknowledged significant errors in its fina ...; Yim Kwangsoo Correspondent 2025.03.03

SE-Style's Snidel Beauty Launches 'My Own Muse' Collection, Expanding Market Presence in Korea: Seoul, South Korea – SE-Style's organic cosmetics brand, Snidel Beauty, has unveiled its Spring/Summer 2024 strategic collec ...; Desk 2025.03.03

Songpa-gu Continues Bicycle Insurance for Citizens, Offering Coverage Up to 30 Million Won: Seoul's Songpa-gu has announced the continuation of its 'Songpa-gu Citizen Bicycle Insurance' for another year, aiming to encourag ...; Min Gyu Mi Reporter 2025.03.03

Seoul Launches Project to Prevent Wild Bird Collisions with Buildings: Seoul, South Korea - The Seoul Metropolitan Government announced on March 3rd that it will be recruiting participants for its "Wil ...; KO YONG-CHUL Reporter 2025.03.03

Seoul to Nurture 300 Young Art Prodigies in 2025: Seoul, South Korea – The Seoul Metropolitan Government has announced its plan to expand the 'Seoul Arts Talent Education' pr ...; Global Economic Times Reporter 2025.03.03

Seoul Expands Citizen Safety Insurance Coverage: Seoul Metropolitan Government has announced an expansion of its Citizen Safety Insurance program, aimed at providing financial sta ...; Global Economic Times Reporter 2025.03.03

Gwangju Nongseong Elementary School Reborn as AI and Digital Future-Oriented School: Gwangju Nongseong Elementary School has undergone a remarkable transformation, emerging from outdated urban facilities into a cutt ...; Yim Kwangsoo Correspondent 2025.03.03

South Korea's Aging Crisis: Elderly Care Facilities Overwhelmed: Seoul, South Korea – South Korea is rapidly confronting a severe crisis in its elderly care system, as the nation's aging po ...; Hwang Sujin Reporter 2025.03.03

Rising Social Conflict in South Korea: Political Polarization at the Forefront: SEOUL - A recent report by the Korea Institute for Health and Social Affairs reveals a concerning trend: social conflict in South ...; ONLINE TEAM 2025.03.03

South Koreans Devour Pork, with Samgyeopsal Leading the Pack: South Korea's love affair with pork continues unabated, with the average citizen consuming a staggering 30 kilograms (66 pounds) o ...; KO YONG-CHUL Reporter 2025.03.03

Grade Forfeiture System Resurfaces as a Debate in Universities: The grade forfeiture system, which disappeared from universities in the early 2010s, is showing signs of revival. Following the re ...; Desk 2025.03.02

Nipple-Sparing Mastectomy: Sensory Recovery Varies with Incision Method: A recent study by Korean researchers has revealed that the degree of sensory loss after nipple-sparing mastectomy (NSM) varies dep ...; Hwang Sujin Reporter 2025.03.02

Oral Sex and STIs: A Risk Not to Be Ignored: The incidence of sexually transmitted infections (STIs), including herpes, syphilis, gonorrhea, HIV/AIDS, and HPV (human papilloma ...; Graciela Maria Reporter 2025.03.02

The Persistent Shadow of Gender Inequality in South Korea's Workplaces: A recent survey conducted by Workplace Bullying 119 has shed light on the persistent issue of gender inequality within South Korea ...; Eunsil Ju Reporter 2025.03.02

Mariana Islands Aim to Reignite Korean Wanderlust Amidst Flight Challenges: The tropical allure of the Mariana Islands recently graced the heart of Seoul as the Mariana Visitors Authority (MVA) hosted "Mari ...; Global Economic Times Reporter 2025.03.02

Carl Vinson's Arrival: A Show of Force and Solidarity in the Korean Peninsula: The recent arrival of the USS Carl Vinson Carrier Strike Group at Busan Naval Base marks a significant moment in the ongoing secur ...; Desk 2025.03.02

Korea's Labor Shift: Balancing Needs and National Concerns: South Korea's decision to integrate overseas Korean visas marks a significant turning point in its labor policy. The move, aimed a ...; Global Economic Times Reporter 2025.03.02

Algarve Takes Center Stage at Spain's Wine Tourism Marketplace: The sun-kissed shores of the Algarve are setting their sights on a new horizon: the thriving world of wine tourism. This week, Tur ...; KO YONG-CHUL Reporter 2025.03.01

Portugal's Quiet Charm: Why Americans Are Discovering the "Magic Triangle": A subtle shift is underway in the landscape of American expatriation. While traditional European giants like the UK and Germany st ...; ONLINE TEAM 2025.03.01

Portugal's Golden Visa: Still a Shining Star, Despite Shifting Rankings: The allure of Portugal's "Golden Visa" remains undeniable, even as the program gracefully steps aside from its long-held top posit ...; KO YONG-CHUL Reporter 2025.03.01