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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SRT to Open Lunar New Year Ticket Reservations on January 13: Seoul, South Korea – SR, the operator of the Suseo High Speed Railroad (SRT), announced today that ticket reservations for t ...; KO YONG-CHUL Reporter 2025.01.05

Entire Communities Mourn Jeju Air Crash Victims: Gwangju and Jeonnam in Deep Sorrow: Gwangju and Jeonnam, South Korea, are enveloped in a deep wave of grief following the devastating Jeju Air crash. With 157 of the ...; Global Economic Times Reporter 2025.01.05

South Korea's Civil Service Sees a Drastic Decline in Popularity: Seoul, South Korea – Despite the South Korean government's efforts to boost the appeal of civil service jobs by increasing t ...; Desk 2025.01.03

Enhanced Internal Controls in South Korean Banks: Seoul, South Korea – South Korean banks and financial holding companies have significantly bolstered their internal controls ...; ONLINE TEAM 2025.01.03

South Korea Sweetens the Deal for Electric Vehicle Buyers: Seoul, South Korea – South Korea is ramping up its efforts to promote electric vehicle adoption by offering more generous su ...; Hwang Sujin Reporter 2025.01.02

Ulsan Man Tops List of South Korea's Worst Landlords: Seoul, South Korea – A 51-year-old resident of Ulsan has been identified as the individual with the largest outstanding debt ...; Desk 2025.01.02

Seoul to Issue 750 Billion Won Worth of Regional Love Gift Certificates at a 5% Discount: Seoul, South Korea – Seoul Metropolitan Government announced on Tuesday that it will issue 750 billion won worth of “ ...; Hwang Sujin Reporter 2025.01.02

Busan Selected to Host 2025 World Smart City Expo: Busan, South Korea – Busan has been chosen as the host city for the 2025 World Smart City Expo, solidifying its position as ...; Global Economic Times Reporter 2025.01.02

Goyang, Uijeongbu, Dongducheon, Pocheon, and Namyangju to receive KRW 4 billion each for park development.: Gyeonggi-do, South Korea – The Gyeonggi Provincial Government announced on February 2nd that it has selected five cities for ...; ONLINE TEAM 2025.01.02

Danyang County, South Korea, Tops Tourism Index Despite Population Decline: Danyang, South Korea – A small county in South Korea's North Chungcheong Province has defied expectations by securing the to ...; Global Economic Times Reporter 2025.01.02

Libya's Oil Production Surpasses 2024 Target Amid Budget Delays: Tripoli, Libya - The National Oil Corporation (NOC) of Libya announced today that daily crude oil production has surpassed this ye ...; Pedro Espinola Special Correspondent 2025.01.01

Record high electricity rates in Norway this week are due to low alternative energy production and high demand for electricity in Europe.: Norway's abundant hydroelectric power used to keep rates low, but with its integration into the European market, hydro-electricity ...; Eugenio Rodolfo Sanabria Reporter 2025.01.01

Korean Ambassador to Tanzania Emphasizes Media's Role in Strengthening Bilateral Ties: Dar es Salaam - The Republic of Korea Ambassador to Tanzania, Ms. Eunju Ahn, has underscored the crucial role of the media in soli ...; Hee Chan Kim Reporter 2025.01.01

Portuguese Prisons Face Security Crisis After Audit Uncovers Major Flaws: Lisbon, Portugal - A damning audit of Portugal's prison system has revealed a litany of security failures, including outdated equi ...; Ana Fernanda Reporter 2025.01.01

Fatal Hot Air Balloon Crash in Portugal Highlights Safety Lapses: Mourão, Portugal - A fatal hot air balloon accident that occurred in April near the Alqueva reservoir has been attributed t ...; Ana Fernanda Reporter 2025.01.01

Gwangju University's Occupational Therapy Department: Nurturing Compassionate Professionals: Gwangju, South Korea – Gwangju University's Occupational Therapy Department is gaining recognition for its commitment to cul ...; Desk 2025.01.01

Fire Safety Violations Rampant in Apartment Underground Parking Lots: Seoul, South Korea – A recent nationwide fire safety inspection of underground parking lots in apartment complexes has revea ...; KO YONG-CHUL Reporter 2025.01.01

Urban Farming Finds a Home in Korean Apartments: Seoul, South Korea – As urban living spaces become increasingly limited, residents in Korean apartment complexes are finding ...; Desk 2025.01.01

South Korean Chaebols Call for Innovation and Change Amid Economic Uncertainty: Seoul, South Korea – Major South Korean conglomerates and economic organizations have called for “innovation and chang ...; KO YONG-CHUL Reporter 2025.01.01

South Korea Expands Tax Breaks to Boost Birthrate and Support Vulnerable Groups: Seoul, South Korea – The South Korean government has unveiled a series of tax breaks aimed at boosting the nation's birthrat ...; Global Economic Times Reporter 2025.01.01