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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Netflix to Drop Support for Older TVs in 2025: Netflix has announced that it will be discontinuing support for older smart TVs, beginning in 2025. This means that many televisio ...; Hwang Sujin Reporter 2024.12.27

Egypt's Central Bank Holds Interest Rates Steady: Cairo - Egypt's central bank kept its overnight interest rates unchanged on Thursday, as widely expected, citing persistent inflat ...; Global Economic Times Reporter 2024.12.27

Ministry of Environment Unveils National Monitoring and Evaluation Plan for Climate Change Adaptation: Lima, Peru – The Ministry of the Environment (Minam) has recently released the National Monitoring and Evaluation Plan for C ...; Graciela Maria Reporter 2024.12.27

Hana Bank Tops Interest in Retirement Pensions Among Major Banks: Seoul, South Korea – Hana Bank has emerged as the most sought-after financial institution for retirement pension products am ...; Desk 2024.12.27

South Korean Won Plunges as Political Uncertainty Deepens: Seoul, South Korea – The South Korean won has plummeted to a 15-year low, with the dollar-won exchange rate surpassing 1,485 ...; KO YONG-CHUL Reporter 2024.12.27

Shrinkflation on the Rise: Consumer Agency Finds Companies Reducing Product Sizes: Seoul, South Korea – The Korea Consumer Agency has revealed that four major products have undergone a reduction in size whil ...; Desk 2024.12.27

South Korea Secures Stable Funding for Fire Departments: Seoul, South Korea – The National Fire Agency on [date] announced that the passage of the amended Local Allocation Tax Act h ...; KO YONG-CHUL Reporter 2024.12.27

Daejeon Agricultural Technology Center Awarded for Excellence in Professional Guidance Research: Daejeon, South Korea – The Daejeon Agricultural Technology Center has been recognized for its outstanding contributions to a ...; HONG MOON HWA Senior Reporter 2024.12.27

Hongseong County, a Cultural Hub in the Making: Hongseong, Chungnam – Hongseong County has achieved a significant milestone in its cultural development, being officially de ...; HONG MOON HWA Senior Reporter 2024.12.27

Seocheonan Rotary Club Provides Heating Oil to Vulnerable Households in Cheongryong-dong: Cheonan, South Korea – The Seocheonan Rotary Club has donated 400 liters of heating oil to a vulnerable household in Cheongr ...; HONG MOON HWA Senior Reporter 2024.12.27

Cheonan City Recognized as an Outstanding Institution in Youth Challenge Support Program: Cheonan, South Korea – Cheonan City has been selected as an outstanding institution in the Youth Challenge Support Program, ...; HONG MOON HWA Senior Reporter 2024.12.27

Dubai International Financial Centre: A Prime Destination for Boutique and Wellness Entrepreneurs: Dubai International Financial Centre (DIFC), a leading global financial hub, is rapidly emerging as a prime destination for entrep ...; Global Economic Times Reporter 2024.12.26

Controversial History Textbook Adoption Sparks Protests at South Korean High School: Gyeongsan, South Korea – A high school in South Korea is facing mounting criticism over its decision to adopt a controversia ...; KO YONG-CHUL Reporter 2024.12.26

Jiphyungseon High School in Kimje, Jeollabuk-do, Becomes First in Province to Be Approved as IB Diploma Programme Candidate School: Kimje, Jeollabuk-do – Jiphyungseon High School, a specialized alternative school, has been approved by the International Bac ...; Global Economic Times Reporter 2024.12.26

Island Student Defies Odds, Secures Spot at Seoul National University Medical School: Sinan, South Korea – In a remarkable feat, a student from a remote island in Sinan County, South Jeolla Province, has been a ...; KO YONG-CHUL Reporter 2024.12.26

AI Textbooks: South Korea's Education Ministry and Publishers Deadlocked Over Subscription Fees: Seoul, South Korea – South Korea's Ministry of Education and textbook publishers remain at an impasse over the subscription ...; Hwang Sujin Reporter 2024.12.26

Holiday Sales on the Island Expected to Be Positive, but Economic Uncertainty Remains: Local retailers are anticipating a strong holiday shopping season, with increased activity reported in recent weeks. However, the ...; Hwang Sujin Reporter 2024.12.25

Vientiane Achieves Significant Poverty Reduction: Vientiane, Laos - Vientiane has made remarkable strides in poverty reduction, with nearly the entire population now living above t ...; Graciela Maria Reporter 2024.12.25

Mekong River Commission Opens Education Center and Launches One Mekong App in Laos: Vientiane, Laos – The Mekong River Commission (MRC) on December 23rd celebrated the opening of its new Education and Visitor ...; Hwang Sujin Reporter 2024.12.25