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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Gimhae City Surpasses 1 Million Reusable Containers, Leading the Way in Plastic Reduction: Gimhae, South Korea – Gimhae City has achieved a significant milestone in its efforts to reduce plastic waste. The city's re ...; Desk 2025.01.11

Changwon City Revamps Urban Space for a Sustainable Future: Changwon, South Korea – Changwon City has announced a comprehensive restructuring of its urban space, aiming to prepare the ...; KO YONG-CHUL Reporter 2025.01.11

Chungnam Province Expands Welfare Fund for SMEs: Chungnam Province has taken a significant step towards bridging the welfare gap between large corporations and small and medium-si ...; HONG MOON HWA Senior Reporter 2025.01.11

Cheonan's Jiksan Library Launches Digital Playground to Spark Imagination: Cheonan, South Korea – Jiksan Library in Cheonan City has introduced a new 'Digital Playground' designed to foster creativit ...; HONG MOON HWA Senior Reporter 2025.01.11

Cheonan City to Transform Independence Memorial Hall Area into Major Tourist Destination: Cheonan, South Korea – Cheonan City announced on [date] that it has initiated a comprehensive plan to develop the area surro ...; HONG MOON HWA Senior Reporter 2025.01.11

South Korea Cracks Down on Unnecessary Medical Procedures: Seoul, South Korea – In a bid to curb rising healthcare costs and promote more efficient use of medical resources, the South ...; Hwang Sujin Reporter 2025.01.10

Flu Cases Surge to 8-Year High, Overwhelming South Korean Hospitals: Seoul, South Korea – South Korea is grappling with a severe influenza outbreak, as the number of suspected flu cases has rea ...; Hwang Sujin Reporter 2025.01.10

Hana Financial Group Pledges Support for Anmyeon Island Development: Taean, Chungnam Province – Hana Financial Group Chairman Ham Young-ju has expressed his commitment to transforming Anmyeon I ...; HONG MOON HWA Senior Reporter 2025.01.10

Daejeon Department Stores Offer Festive Events Ahead of Lunar New Year: Daejeon, South Korea – As the Lunar New Year approaches, department stores in Daejeon are rolling out a variety of festive e ...; HONG MOON HWA Senior Reporter 2025.01.10

Jeju Tourism Industry Worries as South Korea Considers Nationwide Visa-Free Policy: Jeju, South Korea – The Jeju tourism industry is expressing concerns over a potential nationwide visa-free policy, fearing t ...; ONLINE TEAM 2025.01.10

Jeju Island Faces Economic Hit from Extreme Weather: Jeju, South Korea – The escalating frequency and severity of extreme weather events linked to climate change are wreaking ha ...; Desk 2025.01.10

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Scientists Develop More Accurate BRCA Gene Test Using CRISPR: New York, NY - Researchers have made a significant breakthrough in the field of genetic testing by developing a more precise metho ...; Hannah Yeh Reporter 2025.01.10

SRT and Korail Double Cancellation Fees for Lunar New Year Tickets: Seoul, South Korea – In a move to curb no-shows and improve seat utilization during the upcoming Lunar New Year holiday, Kor ...; Hwang Sujin Reporter 2025.01.10

Shin Dong-A Construction Files for Bankruptcy Amidst Worsening Real Estate Market: Seoul, South Korea – Shin Dong-A Construction, a mid-sized South Korean construction company, has filed for bankruptcy, mark ...; ONLINE TEAM 2025.01.10

Gyeongbuk Province Launches First Child-Friendly Workplace in South Korea: Gyeongbuk, South Korea – In a groundbreaking move to address the nation's declining birthrate, Gyeongbuk Province has become ...; JEONG CHAN MYEONG Senior Reporter 2025.01.10

Korea Procurement Service Launches Innovation Product Support Center to Boost Public Procurement: The Korea Procurement Service (KPS) has officially launched the Innovation Product Support Center on 10th, marking a significant s ...; Desk 2025.01.10

South Korea Debates Comprehensive Obesity Law: Seoul, South Korea – Lawmakers in South Korea are considering a new law aimed at tackling the country's growing obesity prob ...; Hwang Sujin Reporter 2025.01.09