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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IMF Approves $1.2 Billion Loan for Egypt Amid Economic Challenges: Cairo - Egypt has secured a staff-level agreement with the International Monetary Fund (IMF) for a $1.2 billion loan under the Ext ...; KO YONG-CHUL Reporter 2024.12.25

Turkish Hotel Owner, Architect Sentenced for Deadly Earthquake Collapse: Adiyaman, Turkey - A Turkish court on Wednesday sentenced the owner and architect of a hotel that collapsed during last year's dev ...; Graciela Maria Reporter 2024.12.25

Telegram Turns a Profit, Amidst Controversy: Telegram, the encrypted messaging app that has been both praised for its privacy features and criticized for its role in facilitat ...; Ana Fernanda Reporter 2024.12.25

South Korean Health Insurance Premiums Set to Rise: Seoul, South Korea – South Korean health insurance premiums are set to increase by an average of 7.5% next year, according t ...; Hwang Sujin Reporter 2024.12.25

Saudi Arabia, Iraq Seek to Boost Digital Ties, Explore AI Collaboration: Riyadh, Saudi Arabia - Saudi Arabia and Iraq are set to strengthen their digital partnership, with both countries exploring joint ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Finnish Unemployment Rises Sharply in November: Helsinki - Unemployment in Finland continued to climb in November, reaching 292,400 jobseekers, according to the Ministry of Econo ...; Eugenio Rodolfo Sanabria Reporter 2024.12.25

Abandoned Pilgrimage Dogs Find New Hope in Mexico City Adoption Drive: Mexico City, Mexico – Eight dogs abandoned during a recent pilgrimage to the Basilica of Guadalupe have found a new ray of h ...; Pedro Espinola Special Correspondent 2024.12.25

Argos Group and Subsidiaries Recognized as Global Sustainability Leaders: Medellín, Colombia – Grupo Argos, Cementos Argos, and Grupo Sura have once again been included in the prestigious Dow ...; Ana Fernanda Reporter 2024.12.25

Cine Colombia Expands Beyond the Big Screen with New Restaurant: Bogotá, Colombia – Cine Colombia, a renowned Colombian cinema chain, is venturing beyond the silver screen with the o ...; Pedro Espinola Special Correspondent 2024.12.25

Peru's Economy Rebounds with Fiscal Stimulus, Investment: Lima, Peru – Peru's economy has staged a remarkable recovery, growing by 3.2% this year, according to Economy and Finance Mi ...; Ana Fernanda Reporter 2024.12.24

Ibex 35 Closes Tuesday with a Slight Uptick: Madrid, Spain – The Ibex 35, Spain's leading stock market index, concluded Tuesday's trading session with a modest gain of 0 ...; Ana Fernanda Reporter 2024.12.24

Centuries-Old Clocks Ticking in Pennsylvania's Capitol: Harrisburg, PA - The Pennsylvania State Capitol, a masterpiece of architecture, boasts not only stunning artwork and intricate car ...; Desk 2024.12.23

Southern California to See Light Rain on Christmas Eve: Los Angeles, CA - Southern California residents may need to grab an umbrella on Christmas Eve as light rain is expected to fall Tu ...; Sharon Yoon Correspondent 2024.12.23

Kenya and Qatar Celebrate Strong Ties at 53rd National Day Celebration: Nairobi, Kenya - Kenya and Qatar celebrated the 53rd National Day of Qatar, highlighting their growing partnership and commitment ...; Pedro Espinola Special Correspondent 2024.12.23

South Korean Banks Launch Comprehensive Support Program for Small Businesses: Seoul, South Korea – South Korean banks have unveiled a new financial support program designed to provide tailored assistanc ...; Desk 2024.12.23

South Korea Cracks Down on Foreigners' Illegal Real Estate Transactions: South Korea's Ministry of Land, Infrastructure, and Transport (MOLIT) has uncovered a significant number of illegal real estate tr ...; Desk 2024.12.22

Lotte World Tower to Illuminate Seoul Skyline with Giant Christmas Tree: Lotte World Tower, one of the world’s tallest buildings, is set to dazzle the city skyline with a spectacular Christmas disp ...; Desk 2024.12.22

Procuraduría Alleges Environmental Damage at Ciénaga de Mallorquín: Barranquilla, Colombia – The Colombian Attorney General's Office has denounced significant environmental damage at the Ci&ea ...; Ana Fernanda Reporter 2024.12.22

Petroperú Responds to Oil Spill Near Talara Refinery: Talara, Peru – State-owned oil company Petroperú has confirmed an oil spill on a beach in Piura, approximately 10 kil ...; Ana Fernanda Reporter 2024.12.22

Saudi Arabia's KSrelief Continues Humanitarian Aid Efforts in Syria, Yemen, and Lebanon: Riyadh, [Date] - The King Salman Humanitarian Aid and Relief Centre (KSrelief) continues its ongoing humanitarian efforts across t ...; Eugenio Rodolfo Sanabria Reporter 2024.12.21