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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Chungnam Governor Kim Tae-heum Promotes the Province in Las Vegas: Chungnam Governor Kim Tae-heum, dubbed the 'No. 1 Salesperson' of Chungnam Province, has embarked on a business trip to the United ...; KO YONG-CHUL Reporter 2025.01.09

South Korea's Pharmaceutical Industry Grapples with Strict GMP Regulations: Seoul, South Korea – South Korea's pharmaceutical industry is facing significant challenges as it navigates the stringent "G ...; Desk 2025.01.09

South Korean Pharma Industry Lags in Climate Action, Study Finds: Seoul, South Korea – A recent study conducted by the Green Prescription Pharmacy Students Supporters and the Health Society ...; Desk 2025.01.09

Daejeon City Holds Water-Loving Drawing and Photo Contest: Daejeon, South Korea – In celebration of World Water Day on March 22nd, Daejeon City is hosting a "Water-Loving Drawing and ...; HONG MOON HWA Senior Reporter 2025.01.09

Daejeon City Records Significant Growth in Local Subcontracting: Daejeon, South Korea – Daejeon City has announced a substantial increase in local subcontracting for private large-scale con ...; HONG MOON HWA Senior Reporter 2025.01.09

Daejeon City to Provide 310 Billion Won in Funding for Small and Medium-Sized Enterprises: Daejeon, South Korea – Daejeon City announced on January 9th that it will be providing 310 billion won in funding to support ...; HONG MOON HWA Senior Reporter 2025.01.09

Daejeon Agricultural Technology Center to Host New Year's Agricultural Education for Farmers: Daejeon, South Korea – The Daejeon Agricultural Technology Center will be hosting a series of educational workshops from Jan ...; HONG MOON HWA Senior Reporter 2025.01.09

Daejeon Fire Department Holds Annual Volunteer Firefighter Assembly, Focusing on Enhancing Safety and Community Service: Daejeon, South Korea – January 7, 2025 – The Daejeon Fire Department hosted its annual assembly for volunteer firefigh ...; HONG MOON HWA Senior Reporter 2025.01.09

Daejeon City Offers Diverse Winter Vacation Programs for Youth: Daejeon, South Korea – Daejeon City is offering a variety of programs at the Pyeongsong Youth Culture Center and the Daejeon ...; HONG MOON HWA Senior Reporter 2025.01.09

Daejeon Mayor Lee Jang-woo Unveils Ambitious Plans for 2025, Aiming to Complete a World-Class City: Daejeon, South Korea – Daejeon Mayor Lee Jang-woo announced on September 6th the city’s achievements in 2024 and outli ...; HONG MOON HWA Senior Reporter 2025.01.09

Former Marine Corps Investigation Unit Head Acquitted in Disobedience and Defamation Case: Seoul, South Korea – A South Korean military court has acquitted a former Marine Corps investigation unit head, Colonel Park ...; KO YONG-CHUL Reporter 2025.01.09

San Bernardino Blossoms with Literature: "Literary Project San Ber 2025": San Bernardino, Paraguay – This summer, the tranquil city of San Bernardino is transforming into a literary haven. The "Lite ...; Graciela Maria Reporter 2025.01.09

South Korea's Corporate Giants Face Market Capitalization Plunge: Seoul, South Korea – South Korea's largest conglomerates experienced a substantial decline in their combined market capitali ...; Global Economic Times Reporter 2025.01.09

Incheon's '1,000 Won Housing' Project Faces Delays: Incheon, South Korea – Incheon City’s ambitious plan to provide affordable housing for newlyweds and young couples has ...; Hwang Sujin Reporter 2025.01.09

Severe Cold Wave and Heavy Snowfall Hit South Korea: Seoul, South Korea – A frigid Arctic blast has swept across South Korea, sending temperatures plummeting and blanketing much ...; KO YONG-CHUL Reporter 2025.01.09

Devastating Wildfires Engulf Los Angeles: Los Angeles, CA – A series of catastrophic wildfires has swept through Los Angeles and its surrounding areas, forcing thousa ...; Sharon Yoon Correspondent 2025.01.09

Indonesia to Transform State Food Agency to Boost Rice Security: Jakarta, Indonesia – In a move aimed at bolstering Indonesia's food security, the government has announced plans to transfor ...; Pedro Espinola Special Correspondent 2025.01.08

South Korea Unveils Ambitious Plan to Promote Green Buildings: Seoul, South Korea – The Ministry of Land, Infrastructure and Transport has announced the finalization of the 3rd Green Buil ...; KO YONG-CHUL Reporter 2025.01.08

Korea Opens New Trade Route to Central Asia with Successful Multimodal Transport Pilot: Seoul, South Korea – The South Korean government has announced the successful completion of a pilot project for internationa ...; Global Economic Times Reporter 2025.01.08

Fire Safety Violations Found in Over 800 Apartment Buildings Across South Korea: Seoul, South Korea – A recent nationwide inspection of underground parking lots in apartment buildings has uncovered 1,312 f ...; KO YONG-CHUL Reporter 2025.01.08