Global Economic Times

2026.07.22 (Wed)
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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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'Digital Border' Rises: South Koreans Rush to Erase Social Media Ahead of U.S. Visits: (C) Pixabay SEOUL – For Kim Sang-jin (pseudonym), a 21-year-old university student in Seoul, the dream of becoming a diplom ...; ONLINE TEAM 2025.12.27

Cold Wave Hits Korea: Thermal Wear and Padded Jackets Fly Off the Shelves: (C) The Hans IndiaSEOUL — As a severe cold wave grips the Korean Peninsula, with perceived temperatures in Seoul plunging be ...; Min Gyu Mi Reporter 2025.12.27

End of the ‘Baby Exporter’ Era: South Korea to Halt Overseas Adoptions by 2029: (C) ABC News SEOUL — South Korea is officially moving to shed its long-standing and painful stigma as a "baby exporting nat ...; Hwang Sujin Reporter 2025.12.27

Coupang Faces Intense Backlash Over ‘Self-Investigation’ Into Massive Data Leak: SEOUL — A fierce standoff has erupted between Coupang, South Korea’s leading e-commerce platform, and government autho ...; KIM YOUNG MIN 2025.12.27

Shinsegae Group Suffers Data Breach Affecting 80,000 Employees and Partners: SEOUL — Shinsegae Group, one of South Korea’s largest retail giants, has confirmed a significant data breach involving ...; KO YONG-CHUL Reporter 2025.12.27

South Korea Expands Menstrual Product Support for Vulnerable Youth Following Presidential Directive: (C) Astler.co SEOUL – The Ministry of Gender Equality and Family (MGEF) announced on Friday a significant expansion and sim ...; Hwang Sujin Reporter 2025.12.27

MOFA: "Carrying Items for Others Abroad Risks Involvement in Drug Crimes": (C) Ministry of Foreign Affairs It has been identified that about 10 South Korean nationals were arrested and imprisoned this y ...; Global Economic Times Reporter 2025.12.27

Dangerous "Pranks": Elderly Passenger Faces Criminal Charges for Tampering with Emergency Exit: (C) Air Busan BUSAN — A 60-year-old man is under police investigation for tampering with an aircraft's emergency exit, clai ...; Hee Chan Kim Reporter 2025.12.25

South Korea Ranks 15th Globally in Beer Consumption; Per Capita Intake Exceeds 70 Bottles Annually: (C) Marketing Edge Magazine SEOUL — South Korea has secured its position as the 15th largest beer-consuming nation in the w ...; Desk 2025.12.25

Busan Court Sentences 20-Year-Old to Prison for AI-Generated Medical Document Forgery and Insurance Fraud: BUSAN — The Busan District Court has sentenced a man in his 20s to two years in prison for orchestrating a sophisticated ins ...; KO YONG-CHUL Reporter 2025.12.25

Presidential Office to Return to ‘Blue House’ on the 29th; Phoenix Flag to be Hoisted at Midnight: (C) asiaone As the relocation of the presidential office nears completion, the official name of the office will revert to the " ...; KO YONG-CHUL Reporter 2025.12.24

Government Cracks Down on Illicit Real Estate Trades: Minors Amassing 25 Properties: (C) Pixabay SEOUL – The Ministry of Land, Infrastructure and Transport (MOLIT) announced on Wednesday that it has uncover ...; KO YONG-CHUL Reporter 2025.12.24

S. Korea Ranks 15th Globally in Beer Consumption: 70 Bottles Per Capita: (C) Seoulz South Korea’s beer consumption rose slightly last year, securing the 15th spot globally in terms of total volume ...; Graciela Maria Reporter 2025.12.24

Hwang Hana Apprehended in Cambodia After Fleeing Drug Charges: (C) KbizoOm GWACHEON — Hwang Hana (37), the granddaughter of Namyang Dairy Products' founder, has been arrested following a ...; KO YONG-CHUL Reporter 2025.12.24

S. Korean Government to Shift Oxygen Humidifier Disinfectant Tragedy to 'State Liability' Framework: (C) People's Solidarity for Participato [SEJONG] The South Korean government has officially designated the humidifier disinfec ...; Desk 2025.12.24

Waning Trust: Western Allies View U.S. as an ‘Unreliable and Destabilizing Force’: (C) Stimson Center WASHINGTON — A profound sense of disillusionment is sweeping through the United States’ closest We ...; Pedro Espinola Special Correspondent 2025.12.24

Survey: Half of Pregnant Women Lack Perceived Social Support; 41% Face Workplace Pressure: (C) Monash Lens SEOUL — A recent survey reveals a significant gap between public perception and the reality experienced by ...; Shin Yeju 2025.12.23

Surge in Financial Abuse of Elderly with Dementia: Family Members and Gaps in Protection: (C) SouthPoint Financial Credit Union As South Korea enters an era with over one million dementia patients, a disturbing trend ...; Global Economic Times Reporter 2025.12.23

Shinsegae Simon Transforms Premium Outlets into a Magical "Winter Wonderland": (C) The Paju Premium Outlet SEOUL — Shinsegae Simon is captivating year-end shoppers by transforming its nationwide Premium ...; ONLINE TEAM 2025.12.21

Japan's Luxury Stays Now "Affordable": Hotel Prices Plummet Amid China Exit: (C) Harumari Tokyo TOKYO – The Japanese tourism industry is facing a seismic shift as hotel rates in major travel hubs expe ...; Desk 2025.12.21