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 Korea to Boost Aviation Maintenance Industry at Incheon Airport: Seoul, South Korea – The South Korean government has unveiled plans to significantly expand the country's aviation maintenan ...; ONLINE TEAM 2025.01.30

Naver Tightens Guidelines for Chijik Streaming Platform amid Controversy: Seoul, South Korea – Naver, South Korea's leading internet company, is set to implement stricter content guidelines for its ...; KO YONG-CHUL Reporter 2025.01.30

Korea Highway Corporation Offers Free Towing Services for Disabled Vehicles: Seoul, South Korea – The Korea Highway Corporation has been providing free towing services to drivers whose vehicles break d ...; KO YONG-CHUL Reporter 2025.01.29

Study Cafés Surge in Popularity, Seeing a 6100% Increase in 10 Years: Seoul, South Korea – Study cafés have experienced a meteoric rise in popularity over the past decade, with their numb ...; KO YONG-CHUL Reporter 2025.01.29

Life Insurance Social Contribution Foundation Supports Over 5,000 Suicide Attempt Survivors: Seoul, South Korea – The Life Insurance Social Contribution Foundation announced today that it has provided approximately 3. ...; Hwang Sujin Reporter 2025.01.29

Hong Kong Market Sees Mixed Trading Ahead of Lunar New Year: Hong Kong – Hong Kong's stock market closed mixed on [Day], with the Hang Seng Index gaining 0.14% to 22,225.11, marking its ...; Graciela Maria Reporter 2025.01.29

Small Plane Crashes in South Sudan, Killing 18: JUBA, South Sudan — At least 18 people were killed when a small plane crashed in South Sudan’s Unity State on Monday, ...; Ana Fernanda Reporter 2025.01.29

UN Approves Humanitarian Aid for North Korea Despite Staffing Challenges: Pyongyang, North Korea – The United Nations has granted exemptions to its sanctions, allowing humanitarian aid agencies to p ...; KO YONG-CHUL Reporter 2025.01.29

Soaring Popularity of Park Golf Leads to Concerns of Overcapacity: Seoul, South Korea – The rapid growth of park golf, a popular recreational sport among the elderly, has led to a surge in th ...; Global Economic Times Reporter 2025.01.29

South Korean Public Leans Towards Impeachment of President Yoon: Seoul, South Korea – A recent poll conducted by MBC and Korea Research International has revealed a significant shift in pub ...; Global Economic Times Reporter 2025.01.29

Air Busan's Unblemished Safety Record Tarnished by Aircraft Fire: Busan, South Korea – Air Busan, a South Korean low-cost carrier known for its exceptional safety record, has suffered a sign ...; KO YONG-CHUL Reporter 2025.01.29

Gunsan City Expands Agricultural Exports to the US: Gunsan, South Korea – Gunsan City announced on January 27th that it has successfully recruited new agricultural product expo ...; KO YONG-CHUL Reporter 2025.01.28

Daejeon Implements Strict Measures for a Safe Lunar New Year: Daejeon, South Korea – In anticipation of a surge in holiday travel and gatherings, the city of Daejeon has announced a comp ...; Global Economic Times Reporter 2025.01.27

Daejeon City Secures Top Spot in National R&D Special Zone Evaluation for Fourth Consecutive Year: Daejeon, South Korea – Daejeon City has once again emerged as the top performer in South Korea's Research and Development (R ...; HONG MOON HWA Senior Reporter 2025.01.27

Daejeon City Strengthens Food Safety Measures Ahead of Lunar New Year: Daejeon, South Korea – Daejeon city has announced heightened food safety measures to ensure residents enjoy a safe and healt ...; HONG MOON HWA Senior Reporter 2025.01.27

Daejeon City and KAIST Partner to Shape the Future of Arts and Science: Daejeon, South Korea – In a significant move to foster innovation at the intersection of arts and science, Daejeon City and ...; HONG MOON HWA Senior Reporter 2025.01.27

Hankook Tire Delivers Warmth to Local Communities During Lunar New Year: Daejeon, South Korea – Hankook Tire & Technology, a subsidiary of Hankook & Company Group, announced that it held it ...; HONG MOON HWA Senior Reporter 2025.01.27

Vietnamese Footwear Industry Embraces Green Standards to Boost Global Competitiveness: HÀ NỘI — Vietnamese footwear companies are increasingly adopting green standards to enhance their brand value and com ...; Ana Fernanda Reporter 2025.01.26

Vietnam Unveils National Action Plan for Circular Economy: HÀ NỘI — Deputy Prime Minister Trần Hồng Hà has signed a decision launching the national action plan for imple ...; Graciela Maria Reporter 2025.01.26

Changnyeong County Welcomes 650+ Foreign Seasonal Workers: Changnyeong, Gyeongnam Province – Changnyeong County announced on January 25th that over 650 foreign seasonal workers will b ...; HONG MOON HWA Senior Reporter 2025.01.26