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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Tokyo's Time-Capsule: Okasho Uraji Botan Ten, a Testament to Tradition and "Billboard Architecture": Just a short walk south of JR Akihabara Station, nestled along the Yanagihara-dori street bordering the Kanda River, stands a rema ...; ONLINE TEAM 2025.02.17

Hanam City Completes High-Precision Electronic Map Construction Project: Hanam City announced the successful completion of the 'High-Precision Electronic Map Construction Challenge Project,' which was se ...; Min Gyu Mi Reporter 2025.02.17

Carbon Monoxide Poisoning from Faulty Boiler Causes Brain Damage in UK Woman: A 52-year-old woman in the UK has suffered brain damage after prolonged exposure to carbon monoxide leaking from a faulty boiler. ...; Eugenio Rodolfo Sanabria Reporter 2025.02.17

Wearing Socks All Day to Bed Can Be Harmful to Your Health: Recent research has shown that wearing socks that have been worn all day to bed can be harmful to your health. According to the C ...; Desk 2025.02.17

South Korea Cracks Down on 156 Individuals for Illegal Real Estate Transactions and Tax Evasion: The National Tax Service (NTS) of South Korea has announced a tax investigation into 156 individuals suspected of illegal real est ...; Desk 2025.02.17

Antarctic's Jangbogo Station Records Highest January Temperature Ever: The Korea Polar Research Institute (KOPRI) announced on February 14th that its Jangbogo Research Station in Antarctica recorded th ...; Global Economic Times Reporter 2025.02.17

Tada Sues Kakao Mobility for 10 Billion Won in Damages, Alleging Unfair Practices: Tada, a South Korean ride-hailing platform, has filed a lawsuit against Kakao Mobility, the operator of the popular Kakao T taxi-h ...; Desk 2025.02.17

Krafton to Offer Up to 100 Million Won in Childbirth Incentives: Krafton, the leading game company in South Korea by market capitalization, has announced a new policy to provide employees who hav ...; Hwang Sujin Reporter 2025.02.17

South Korea to Invest ₩1 Trillion in University Research Institutes: Seoul, South Korea – The South Korean government has announced a major investment in university-based research institutes to ...; Desk 2025.02.17

SPHEREx: A Revolutionary Space Telescope Set to Unveil the Universe's Secrets: Embarking on a groundbreaking mission, the Space Infrared Explorer (SPHEREx), a next-generation space telescope jointly developed ...; Hannah Yeh Reporter 2025.02.17

Slou Bed Launches 'Evening Moonray' Motion Mattress for Newlyweds: SEOUL – Slou Bed, a mattress brand under the Persis Group, has unveiled its latest offering, the 'Evening Moonray' motion ma ...; Hwang Sujin Reporter 2025.02.17

Cosmax Obtains Approval for 'White Plusome', a Functional Ingredient That Greatly Enhances Whitening Effect: Cosmax announced on the 17th that it has obtained approval for a non-notified main ingredient for 'White Plusome', a functional in ...; Hwang Sujin Reporter 2025.02.17

South Korea's Fresh Fruit Imports Reach Record High in 2024: Seoul - South Korea's imports of fresh fruits such as bananas and pineapples have reached a record high in 2024, exceeding 1.4 bil ...; Hwang Sujin Reporter 2025.02.17

Dunamu Acquires Global Digital Music Score Platform MPAG: Seoul, South Korea – Dunamu, a leading blockchain and fintech company in South Korea, announced on February 17th that it has ...; Global Economic Times Reporter 2025.02.17

Gyeonggi Province's 'Climate Action Opportunity Income' Program Exceeds 1 Million Subscribers: Gyeonggi Province, South Korea – The "Climate Action Opportunity Income" program, launched by Gyeonggi Province in July 2023 ...; Min Gyu Mi Reporter 2025.02.17

South Korea Launches Comprehensive Battery Management System for Electric Vehicles: Seoul, South Korea – This month, South Korea introduced a comprehensive "Battery Lifecycle Management System" for electric v ...; Yim Kwangsoo Correspondent 2025.02.17

Newborn Special Loan Favors High-Income Households, Missing Policy Goals: A loan program designed to combat low birth rates by offering preferential terms to families with newborns is being disproportiona ...; Global Economic Times Reporter 2025.02.17

South Korean Small Businesses Struggle with Debt Amidst Economic Downturn: Seoul - A recent report by Korea Credit Data reveals that approximately 1 in 10 small businesses in South Korea that had taken out ...; Hwang Sujin Reporter 2025.02.17

Whale Feces: A Vital Fertilizer for Marine Ecosystems: A recent study conducted by researchers at the University of Washington has revealed that whale feces contain iron and copper, whi ...; Sharon Yoon Correspondent 2025.02.16