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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Eldorado Express Ferry Faces Suspension Amidst Financial Difficulties: Pohang, South Korea – The Eldorado Express ferry, which operates between Pohang and Ulleung Island, is on the brink of suspe ...; KO YONG-CHUL Reporter 2025.01.26

National Copyright Museum Surpasses 30,000 Visitors in First Year: Jinju, South Korea – The National Copyright Museum, the first of its kind in South Korea, has surpassed 30,000 visitors in i ...; Desk 2025.01.26

57 South Korean Universities Propose Tuition Hikes: Seoul, South Korea – A recent survey conducted by the Korea Universities Council (KUC) reveals that a significant number of ...; Hwang Sujin Reporter 2025.01.26

Foreign Medical Graduates Surge in South Korea as Domestic Students Boycott Exam: Seoul, South Korea – A striking increase in the number of foreign medical graduates passing the South Korean medical licensi ...; KO YONG-CHUL Reporter 2025.01.26

Flight Delays Plague South Korean Airlines as Travel Demand Soars: Seoul, South Korea – As South Korea braces for a surge in air travel during the upcoming Lunar New Year holiday, a recent re ...; Desk 2025.01.26

Peru to Showcase $250 Million in Tourism Projects at Investment Roadshow: Lima, Peru – January 23, 2025 – The Peruvian Ministry of Foreign Trade and Tourism (Mincetur) is set to host a major i ...; Eugenio Rodolfo Sanabria Reporter 2025.01.25

IMF Chief Georgieva Urges Europe to Unify Markets to Compete with US: Bakersfield, CA - January 24, 2025 - Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), believes Eu ...; KO YONG-CHUL Reporter 2025.01.25

El Salvador Booms as Top Tourism Recovery Destination: San Salvador, El Salvador – El Salvador has cemented its position as a global tourism powerhouse, achieving a remarkable rec ...; Pedro Espinola Special Correspondent 2025.01.25

African Leaders to Sign Pact for Universal Electricity Access: Dar es Salaam, Tanzania – African heads of state are set to gather in Dar es Salaam next week for the African Energy Summit, ...; Hee Chan Kim Reporter 2025.01.25

TBC to Launch "The Slave Caravan" Documentary Series to Boost Tourism: Dodoma - The Tanzania Broadcasting Corporation (TBC) is set to launch a new television program, "The Slave Caravan," to educate to ...; Hee Chan Kim Reporter 2025.01.25

Tanzania to Host Renewable Energy Week 2025: Dar es Salaam - Vice President Dr. Philip Mpango is set to inaugurate Renewable Energy Week 2025 in May, highlighting the importan ...; Hee Chan Kim Reporter 2025.01.25

Norges Bank Holds Rates Steady, Hints at March Cut: Oslo, Norway - Norges Bank on Thursday maintained its key policy rate at 4.5 percent, but Governor Ida Wolden Bache signaled a pot ...; Graciela Maria Reporter 2025.01.25

8 Jeonnam Tourist Attractions Named to Korea's Top 100: Suncheon, South Korea – Eight iconic tourist destinations in Jeonnam province have been selected for the 2025-2026 Korea Top ...; HONG MOON HWA Senior Reporter 2025.01.25

Moody's Affirms Samsung Electronics' Credit Rating but Downgrades Outlook: Seoul, South Korea – Moody's Investors Service on Thursday affirmed Samsung Electronics' senior unsecured debt rating at Aa2 ...; Global Economic Times Reporter 2025.01.25

International Crane Foundation to Visit Suncheon Bay, a World-Renowned Black-Crowned Night-Crane Wintering Ground: Suncheon City announced that 37 board members of the International Crane Foundation will visit Suncheon Bay on the 26th to observe ...; KO YONG-CHUL Reporter 2025.01.24

Pakistani Man Mauled by Lion While Filming TikTok Video: A Pakistani man suffered severe injuries after being attacked by a lion while attempting to film a TikTok video at a breeding farm ...; Graciela Maria Reporter 2025.01.24

Teenage Killer Sentenced to Life for UK's Worst School Attack: London, UK – A British teenager, Axel Rudakuvanga, has been handed a life sentence with a minimum of 52 years for a horrific ...; KO YONG-CHUL Reporter 2025.01.24

Rice Consumption in South Korea Hits Record Low: South Korea's annual per capita rice consumption has reached a historic low, according to a recent survey by the Korea National St ...; Global Economic Times Reporter 2025.01.24

2024 Shatters Global Temperature Record, NASA Confirms: Washington D.C. - 2024 has officially been declared the hottest year on record, according to a new analysis by NASA scientists. Th ...; Hannah Yeh Reporter 2025.01.23