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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Gyeongnam Province's Hospital Ship Embarks on New Mission: Goseong, South Korea – The Gyeongnam Province hospital ship kicked off its annual medical service on January 6th, setting sa ...; Global Economic Times Reporter 2025.01.06

Gyeonggi-do Invests Heavily in Northern Region Development Ahead of Special Self-Governing Province: Seoul, South Korea – Gyeonggi-do province has announced a significant investment of 526.5 billion won to bolster infrastruct ...; Desk 2025.01.06

South Korean Healthcare Sector Faces Turbulent Year in 2025: Seoul, South Korea – The South Korean healthcare sector is bracing for a tumultuous year in 2025, as inter-professional conf ...; KO YONG-CHUL Reporter 2025.01.06

SGLT2 Inhibitors Show Promise in Treating Hypertrophic Cardiomyopathy: A new study has revealed that SGLT2 inhibitors, commonly used to treat type 2 diabetes, may also offer significant benefits for pa ...; Desk 2025.01.06

Parasite Mistaken for Brain Tumor Successfully Removed in Groundbreaking Surgery: Seoul, South Korea – In a medical first, a team of South Korean neurosurgeons has successfully removed a live parasite from ...; Global Economic Times Reporter 2025.01.06

Medical Students in South Korea to Continue Boycott in 2025: Seoul, South Korea – Medical students in South Korea have resolved to continue their boycott of classes in 2025, escalating ...; Global Economic Times Reporter 2025.01.06

Daejeon and KAIST Partner with MIT to Foster Quantum Talent: Daejeon, South Korea – The Daejeon Metropolitan City and the Korea Advanced Institute of Science and Technology (KAIST) have ...; HONG MOON HWA Senior Reporter 2025.01.06

Daejeon’s Hometown Love Donation Fever Continues in 2025: Daejeon, South Korea – The fervent enthusiasm for Daejeon’s Hometown Love Donation campaign continues to soar into the ...; HONG MOON HWA Senior Reporter 2025.01.06

Daejeon City Launches Program to Support Farmers with Crop Residue Shredding: Daejeon, South Korea – The Daejeon Agricultural Technology Center has announced a new program to support local farmers by pr ...; HONG MOON HWA Senior Reporter 2025.01.06

Daejeon Tightens Verification for Public Bike Sharing Service: Daejeon, South Korea – The city of Daejeon has announced stricter verification measures for its public bike sharing service, ...; HONG MOON HWA Senior Reporter 2025.01.06

Daejeon Unveils Ambitious 2040 Urban Master Plan: Daejeon, South Korea – The Daejeon Metropolitan City has unveiled its comprehensive 2040 Urban Master Plan, outlining a visi ...; HONG MOON HWA Senior Reporter 2025.01.06

Wealth Gap Widens Health Disparity in South Korea: SEOUL, South Korea – A new study has revealed a widening health gap between the rich and poor in South Korea, with higher-in ...; Desk 2025.01.06

Peru Delivers Over 35,000 Housing Vouchers in 2024, Empowering Families: Lima, Peru – The Ministry of Housing, Construction, and Sanitation (MVCS) announced today that it has successfully distribut ...; Eugenio Rodolfo Sanabria Reporter 2025.01.05

Spanish Treasury Aims to Raise Up to €13.75 Billion in First Auctions of 2025: The Spanish Treasury will kick off its 2025 issuance program next week with auctions of new government bills and bonds. According ...; Eugenio Rodolfo Sanabria Reporter 2025.01.05

El Salvador's Exports Set to Reach $11.6 Billion in 2024, Driven by Services Sector: San Salvador, El Salvador – El Salvador’s Corporación de Exportadores (Coexport) has projected that the country ...; Ana Fernanda Reporter 2025.01.05

South Korean Public Institutions to Invest 66 Trillion Won in 2025: Seoul, South Korea – The South Korean government has announced that 26 major public institutions will collectively invest 66 ...; Global Economic Times Reporter 2025.01.05

Foreign Investors Dump Korean Bonds Amid Political Turmoil: Seoul, South Korea – Foreign investors have been offloading Korean government bonds since the declaration of a state of emer ...; Desk 2025.01.05

Medical School Applications Soar in South Korea: Seoul, South Korea – The number of applicants to medical schools in South Korea for the 2025 academic year has surged by nea ...; Desk 2025.01.05

South Korea's Growing Income Inequality Amidst Political Turmoil: Seoul, South Korea – South Korea is grappling with a widening income gap, as data from the National Statistical Office revea ...; Desk 2025.01.05

Soaring Insurance Policy Loans Amid Economic Hardship: Seoul, South Korea – The scale of insurance policy loans, where policyholders borrow against the cash value of their insuran ...; Hwang Sujin Reporter 2025.01.05