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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Bank of Korea Cuts Interest Rate Amidst Growing Economic Concerns: Seoul, South Korea – The Bank of Korea (BOK) has decided to cut its benchmark interest rate by 25 basis points to 3.0% from ...; ONLINE TEAM 2024.11.29

Korean Consumer Agency Warns of Explosion Risk in Children's Bubble Bath: Seoul, South Korea – A recent study by the Korea Consumer Agency has revealed that nearly all children's bubble bath product ...; Hwang Sujin Reporter 2024.11.29

Former Namyang Dairy Chairman Arrested on Embezzlement Charges: Seoul, South Korea – Hong Won-sik, the former chairman of Namyang Dairy, has been arrested on charges of embezzlement, bribe ...; Desk 2024.11.29

Dr. Doom Warns Against Bitcoin Investment, Predicts Economic Turmoil: New York, NY – Renowned economist Nouriel Roubini, often dubbed "Dr. Doom" for his accurate prediction of the 2008 financial ...; ONLINE TEAM 2024.11.29

South Chungcheong Province Moves Forward with Anmyeon Island Resort Development: Taean, South Korea – After more than 30 years of delays, the development of a major resort complex on Anmyeon Island in Sout ...; KO YONG-CHUL Reporter 2024.11.28

Coupang Fined 15.9 Billion Won for Multiple Data Breaches: Seoul, South Korea – E-commerce giant Coupang has been fined 15.8865 billion won by the Personal Information Protection Comm ...; Hwang Sujin Reporter 2024.11.28

DeepL Launches Real-Time Voice Translation Solution, Challenging the AI Translation Market: Seoul, South Korea – DeepL, a German language AI company renowned for its high-quality text translations, has unveiled its f ...; Hwang Sujin Reporter 2024.11.28

Incheon to Get Its Own High Court in 2028: Seoul, South Korea – Incheon residents can expect quicker access to justice as the city is set to get its own high court by ...; KO YONG-CHUL Reporter 2024.11.28

Korean Nationals Abroad Can Now Verify Their Identity Remotely Without a Korean Mobile Phone or Visiting Overseas Missions: The Korean Overseas Koreans Affairs Association (KOA) announced on November 28th that it will be launching a pilot service for the ...; Global Economic Times Reporter 2024.11.28

Project Sapphire: A 30-Year Legacy of Nuclear Security Cooperation: Thirty years ago, a groundbreaking operation known as Project Sapphire took place in Ust-Kamenogorsk, Kazakhstan. This classified ...; Pedro Espinola Special Correspondent 2024.11.28

ESG Practices Attract Foreign Investment in Indonesia, Says B-Universe Chairman: Jakarta, Indonesia – Enggartiasto Lukita, Chairman of B-Universe, has highlighted the increasing importance of ESG (Environm ...; Hwang Sujin Reporter 2024.11.28

Jeonju Sports Complex Demolished to Make Way for MICE Complex: Jeonju, South Korea – The Jeonju Sports Complex, a beloved landmark that was built with donations from citizens of North Jeo ...; Desk 2024.11.27

South Korea Rushes Through AI Basic Law Amidst Civil Society Concerns: Seoul, South Korea – The South Korean National Assembly has passed a long-awaited AI Basic Law, raising concerns among civil ...; Hwang Sujin Reporter 2024.11.27

Guro District to Develop 80-Year-Old Air Force Base Site: Seoul, South Korea – Guro District in Seoul is set to embark on a major development project for the approximately 125,000 sq ...; Desk 2024.11.27

Overseas Korean Media Association Criticizes Policies of the Korean Diaspora Affairs Commission: Seoul, South Korea – The 6th International Forum hosted by the Overseas Korean Media Association (OKMA) on November 4th at t ...; KO YONG-CHUL Reporter 2024.11.27

Royal Spanish Academy Offers Guidance on Proper Emoji Usage: The Royal Spanish Academy (RAE) has released new guidelines on the appropriate use of emojis, reflecting the growing importance of ...; Global Economic Times Reporter 2024.11.26

Asunción Hosts International Symposium on Health Research, Education, and Biotechnology: Asunción, Paraguay – A prestigious international symposium titled "Research, Education, and Biotechnology Applied to ...; Graciela Maria Reporter 2024.11.26

Macquarie Dictionary Names 'Enshittification' 2024 Word of the Year: Sydney, Australia – The Macquarie Dictionary, Australia's most authoritative dictionary, has selected the slang term "enshit ...; Desk 2024.11.26

UN Condemns North Korea's Human Rights Abuses: New York — The UN General Assembly's Third Committee on Wednesday approved a draft resolution condemning North Korea's human ...; Ana Fernanda Reporter 2024.11.25