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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Retail Commission Rates Rise in South Korea, Squeezing Suppliers: SEOUL – Commission rates charged by major retailers in South Korea, including TV home shopping channels, department stores, ...; ONLINE TEAM 2024.12.12

NACUFOK Launches "Moamoa Account" Offering High Interest and Flexible Transactions: Seoul – The National Credit Union Federation of Korea (NACUFOK) has unveiled a new financial product aimed at capturing the ...; Desk 2024.12.12

KISA Highlights Generative AI as Key Cybersecurity Challenge for 2024: Seoul – The Korea Internet & Security Agency (KISA) has identified generative AI as a primary cybersecurity concern for ...; LEE YEON SIL Reporter 2024.12.12

South Korea Opens New Expressway, Boosting Regional Connectivity: South Korea's Ministry of Land, Infrastructure and Transport (MOLIT) has announced the grand opening of the Pyeongtaek-Buyeo secti ...; HONG MOON HWA Senior Reporter 2024.12.12

Economic Violence: A Growing Threat to Puerto Rican Women: Economic violence, a form of domestic abuse, is on the rise in Puerto Rico and has far-reaching consequences for both individuals ...; Eugenio Rodolfo Sanabria Reporter 2024.12.11

IMF Approves Disbursement for Somalia, Praises Reform Efforts: Washington, DC – The International Monetary Fund (IMF) has approved the disbursement of SDR 7.5 million (about US$10 million ...; Hannah Yeh Reporter 2024.12.11

Incheon's New Maritime Museum Opens its Doors: Incheon, South Korea – The National Incheon Maritime Museum, the first of its kind in the metropolitan area, officially open ...; KO YONG-CHUL Reporter 2024.12.11

Samsung's New Kimchi Container: A Breakthrough in Odor Control: Seoul, South Korea – Samsung Electronics has unveiled a groundbreaking innovation designed to tackle a common household dile ...; Hwang Sujin Reporter 2024.12.11

South Korea Mandates Price Transparency for Wedding Services: Seoul, South Korea – In a move aimed at increasing transparency and empowering consumers, South Korea’s Fair Trade Com ...; Global Economic Times Reporter 2024.12.11

Daegu Water Companies Set to Expand into Africa, Starting with Ethiopia: Daegu, South Korea – Daegu City has taken a significant step towards expanding its water industry into the African market by ...; HONG MOON HWA Senior Reporter 2024.12.10

Ethiopiabet Foundation Facilitates Economic Cooperation with Ethiopia, Hosting Infrastructure Minister: Seoul, South Korea – The Ethiopiabet Foundation, a non-profit organization dedicated to fostering economic and cultural exch ...; HONG MOON HWA Senior Reporter 2024.12.10

Seobunyeok Expressway Opens, Boosting Connectivity Between Chungcheong and Gyeonggi Provinces: Buyeo, Chungcheongnam-do – The long-awaited Seobunyeok Expressway, connecting Buyeo in Chungcheongnam-do and Pyeongtaek in G ...; HONG MOON HWA Senior Reporter 2024.12.09

Korea and Japan to Strengthen Tourism Ties: Seoul, South Korea – South Korea and Japan are set to enhance their tourism cooperation as they host the Korea-Japan Tourism ...; ONLINE TEAM 2024.12.09

Rotary Club: A Global Network Dedicated to Humanity: The Birth and Legacy of Rotary's Service to Humanity Born from the vision of a single lawyer in Chicago in 1905, the Rotary Club ...; KO YONG-CHUL Reporter 2024.12.09

Boat Fire in Elliott Bay Triggers Massive Response: Seattle, WA – A dramatic boat fire erupted in Elliott Bay near West Seattle on Sunday afternoon, prompting a significant eme ...; KO YONG-CHUL Reporter 2024.12.09

IPO Market This Week: A Summary: This week, several companies are set to launch their Initial Public Offerings (IPOs) and begin general share subscriptions. Meanwh ...; Desk 2024.12.08

Sabah Businessman Blackmailed Chief Minister Over Mining Licences: Kota Kinabalu, Sabah – A prominent businessman with alleged ties to the Sabah mining scandal has been accused of blackmailin ...; Global Economic Times Reporter 2024.12.08

China Completes Decades-Long Project to Encircle Taklamakan Desert: BEIJING — China has successfully concluded a 46-year endeavor to establish a green belt around the Taklamakan Desert. This m ...; Graciela Maria Reporter 2024.12.08

US Court Orders TikTok Sale or Ban: Washington, D.C. – A US federal appeals court has upheld a law mandating Chinese-owned ByteDance to divest its popular short ...; KO YONG-CHUL Reporter 2024.12.08

Nanny Charged with Child Abuse After Infant Suffers Brain Injuries: Snohomish County, WA – A nanny has been charged with first- or second-degree child assault after allegedly repeatedly beatin ...; Hannah Yeh Reporter 2024.12.07