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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Congress Approves PHP17B for Higher Military Allowance: MANILA – The Philippine Congress has recently approved a Php17 billion allocation in the proposed 2025 national budget. This ...; ONLINE TEAM 2024.12.19

South Korea Adjusts Health Insurance Premiums Based on Income and Property: South Korea's National Health Insurance Service has announced revisions to its premium calculation system for the self-employed, o ...; Hwang Sujin Reporter 2024.12.19

Small Business Ombudsman's New YouTube Shorts Series Gains Traction: Seoul, South Korea – The Small Business Ombudsman's newly launched YouTube Shorts series, "Regulatory Stories You Don't Need ...; Desk 2024.12.19

Korea Expands One-Stop Support Services for Vulnerable Groups: According to the Financial Services Commission, 79.3% of those linked to finance and employment this year were unemployed or non-r ...; Desk 2024.12.19

South Korea's Growing Economy, Shrinking Wallets: Seoul, South Korea – Despite a remarkable surge in South Korea's Gross National Income (GNI) over the past seven decades, ma ...; KO YONG-CHUL Reporter 2024.12.19

FSC Warns of Cryptocurrency Phishing Scam: Seoul, South Korea – The Financial Services Commission (FSC) has issued a stern warning to cryptocurrency investors and busi ...; ONLINE TEAM 2024.12.19

South Korea and Nepal Deepen Economic Ties with New Trade Pact: Seoul, South Korea – In a significant move to bolster bilateral economic relations, South Korea and Nepal have signed a Trad ...; Hwang Sujin Reporter 2024.12.19

South Korea Faces Citrus and Berry Shortage Amidst Soaring Food Prices: Seoul, South Korea – South Koreans are finding their favorite winter treats, tangerines, and strawberries, to be increasingl ...; Global Economic Times Reporter 2024.12.19

Saudi Arabia Emerges as a Space Leader with Focus on Sustainability and Innovation: Riyadh - Saudi Arabia is positioning itself as a global leader in the space industry by unveiling initiatives that prioritize inno ...; Graciela Maria Reporter 2024.12.18

Webb Confirms Long-Lived Planet-Forming Disks in the Early Universe: Washington D.C. - NASA's James Webb Space Telescope (JWST) has provided compelling evidence that planet-forming disks around stars ...; Graciela Maria Reporter 2024.12.18

Shenzhou-19 crew completes first extravehicular activities: Shenzhou-19 crew members aboard China's orbiting space station completed the first extravehicular activities (EVAs) of their missi ...; KO YONG-CHUL Reporter 2024.12.18

Finnish Economy to Contract in 2024, Recovery Slow to Take Hold: Helsinki - The Finnish economy is expected to contract by 0.5% in 2024, according to a forecast released by the Bank of Finland on ...; Global Economic Times Reporter 2024.12.18

Knock and Uway Join Forces to Create a Vibrant University Community: Seoul, South Korea – Knock, a popular messaging platform exclusively for university students, has announced a strategic part ...; Desk 2024.12.18

New Water Pavilion Opens in Faro to Raise Awareness About Water Conservation: Faro, Portugal - Águas do Algarve (AdA), the regional water company, has officially opened the "Pavilhão de Á ...; Graciela Maria Reporter 2024.12.18

Taean County to Kick Off '2025 Visit Taean Year' with Grand Ceremony: Taean, South Korea – December 17, 2024 – Taean County, located in South Chungcheong Province, is gearing up to launch ...; HONG MOON HWA Senior Reporter 2024.12.18

Standard Single-Family Home and Land Public Assessment Values to Rise in 2025: Seoul, South Korea – The South Korean government announced on Tuesday that the public assessment values for standard single- ...; Hwang Sujin Reporter 2024.12.18

AI Bill Passes South Korean Committee Amidst Concerns: Seoul, South Korea – South Korea is poised to become a global leader in artificial intelligence (AI) as the nation's parliam ...; Desk 2024.12.18

Prince Andrew Faces Fresh Controversy Over Ties to Suspected Chinese Spy: London – Prince Andrew, the Duke of York and younger brother of King Charles III, is once again at the center of a scandal a ...; Eugenio Rodolfo Sanabria Reporter 2024.12.17